Wood Mackenzie Sees Sharp Pullback in UK North Sea Capex
By Alex Kimani - Jan 25, 2026, 4:00 PM CST UK North Sea investment is set to slump sharply, with Wood Mackenzie forecasting UK upstream capex to fall below $3.5 billion in 2026. Claims of vast remaining reserves are overstated, as regulators like the North Sea Transition Authority estimate just…
bubmagJanuary 25, 2026