North Sea upstream: 2024 in review Report

Insight 29 January 2025

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Report summary

2024 was a whirlwind year across the North Sea. Fiscal and regulatory headwinds strengthened in the UK, new fields and production jumps at onstream assets boosted Norwegian production, whilst Denmark’s flagship gas field returned to production. In our North Sea upstream review, we reflect on the key themes that shaped the industry in 2024.