TotalEnergies says ‘conditions not there’ for UK North Sea investment

‘To invest you need the environment to be an environment of trust, of visibility, of certainty,' says TotalEnergies E&P UK managing director

TotalEnergies has been given the green light to decommission its Gryphon Alpha floating production, storage and offloading vessel in the UK North Sea.
TotalEnergies has been given the green light to decommission its Gryphon Alpha floating production, storage and offloading vessel in the UK North Sea.Photo: MAERSK OIL
Published 4 September 2025, 06:37Updated 4 September 2025, 06:48
TotalEnergiesOffshore Europe 2025United KingdomEnergy Profits LevyUK North Sea