The Offshore Energies UK (OEUK) has published its 2024 Emissions Reduction Report, outlining the reduction in methane emissions by more than 50% since 2018. In addition, overall greenhouse gas emissions from oil and gas platforms have declined by over 25%, achieved four years in advance of the 2027 target date. These reductions align with the goals detailed in the North Sea Transition Deal, which commits the industry to reduce emissions by 10% by 2025, 25% by 2027, and 50% by 2030.

Offshore Energies UK (OEUK) has published its 2024 Offshore Decommissioning report. The report forecasts a substantial expenditure of £24.6bn by 2033, encompassing the removal of over 2,000 wells, 914,000 tonnes of topsides, and 508,000 tonnes of substructures. The report also highlights key achievements from 2023, including the removal of over 6,000 tonnes of subsea infrastructure, with a 50% projected increase in well decommissioning activities for 2024.

Offshore Energies UK (OEUK) has published its Business Outlook Report 2026, emphasising the essential role of maintaining domestic oil and gas production despite the growth of renewable energy. The report cautions that, amid global instability, reliance on  Liquified Natural Gas imports could increase significantly—potentially supplying over 25% of the UK's gas needs by 2030 and nearly 50% by 2035—unless investment conditions improve. A central proposal in the report is to replace the temporary Energy Profits Levy with a permanent Oil and Gas Price Mechanism in 2026. This change is expected to unlock up to £50 billion in additional capital investment, thereby bolstering domestic production, securing jobs and enhancing tax revenues while supporting the energy transition.

Offshore Energies UK (OEUK) has published Offshore Wind Insight 2026, a report assessing opportunities and challenges across the global and UK offshore wind market. The report outlines ongoing market consolidation, a high level of unsuccessful auctions internationally and continued cost pressures driven by inflation and the cost of capital. Despite these challenges, the report notes that the UK is expected to reach around 18.8 GW of installed offshore wind capacity by the end of 2026, with capacity additions linked to projects awarded contracts through the Contract for Difference (CfD) Allocation Round 7 (AR7), which allocated 8.4 GW.

Offshore Energies UK (OEUK), in collaboration with ORE Catapult and the Net Zero Technology Centre (NZTC), has published guidance on the integration of wind turbines into offshore oil and gas facilities to support the safe decarbonisation of offshore installations. The guidance explains how offshore wind and oil and gas regulatory frameworks apply to different electrification projects and is intended to help developers, operators and duty holders understand their regulatory responsibilities and adopt a consistent, risk-based approach to project planning, design, construction and operation. It outlines key legislative requirements, describes grid-connected and islanded integration scenarios and explains how responsibilities may differ depending on project ownership and operating arrangements. It also encourages early engagement with the Health and Safety Executive and clear allocation of responsibilities throughout the project lifecycle to support compliance with relevant health and safety requirements.

Offshore Energies UK (OEUK) has published a guideline document, outlining the processes required for developing offshore wind farms in UK waters. The document covers key stages, including marine spatial planning, seabed leasing, consenting procedures, grid connection, and revenue offtake agreements. It also details the current regulatory frameworks and best practices, as well as recent reforms aimed at expediting project timelines, including efforts to achieve the UK's target of 50 GW of offshore wind capacity by 2030.

Offshore Energies UK (OEUK) has published its first set of guidelines for decommissioning offshore wind turbines. The guidelines provide an overview of relevant regulations and best practices for technical design and environmental protection measures. Key considerations include cost-effective methods, workforce safety, and environmental impact assessments. They also emphasise the importance of monitoring seabed changes throughout a turbine's lifespan and integrating decommissioning planning into the design of new turbines.

The Offshore Energies UK (OEUK) has published a report, outlining the transformative potential of carbon capture, utilisation, and storage (CCUS) technologies in achieving the UK’s net zero targets. The report emphasises the need to accelerate deployment and leverage the nation’s strong oil and gas heritage to repurpose existing infrastructure and expertise. It also highlights the importance of CCUS in securing energy independence and reducing emissions, providing detailed coverage on industrial carbon capture, power CCUS, and low-carbon hydrogen production. This report follows the Department for Energy Security and Net Zero's announcement of a £21.7bn funding commitment for CCUS projects.

The Offshore Energies UK (OEUK) has published a report, detailing the impact of the government’s Energy Profits Levy (EPL) on the UK economy.

Offshore Energies UK (OEUK) has published a report ‘An Integrated and Resilient North Sea’. It examines how the North Sea could develop into a coordinated cross-border energy system linking carbon capture and storage (CCS) and hydrogen infrastructure to support Europe’s net zero transition. The report states rising energy security pressures, decarbonisation targets and investment demands require a system-level approach to infrastructure planning. It warns that fragmented development could undermine scalability and resilience, and assesses CCS and hydrogen networks across the UK, Norway and mainland Europe. It considers technical, operational, regulatory and economic resilience, including interoperability, emissions trading alignment, cross-border rules, financing, underuse and long payback periods. It concludes that coordinated planning is needed to reduce costs and unlock regional value.

Offshore Energies UK (OEUK) reports that 2024 decommissioning expenditure in the UK Continental Shelf exceeded £2bn for the first time, representing 15% of total oil and gas expenditure. The organisation's 2025 Decommissioning Report indicates the Energy Profit Levy has accelerated cessation of production decisions, with decommissioning costs potentially surpassing capital expenditure by 2028. The report projects decommissioning's share of sector expenditure may exceed 30% by decade-end, with nearly 2,000 wells scheduled for decommissioning by 2034.

Law360: A French bank will pay $US 8.6m to settle claims that it processed more than $US 2bn in transactions through US banks on behalf of sanctioned Syrian entities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) said on 4 January 2021.