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UK North Sea oil and gas exploration hit a record low in 2025, with no new exploratory wells drilled, largely due to a high tax burden and regulatory uncertainty. Concurrently, the US is investing $2.7 billion in nuclear fuel production to lessen dependence on Russian uranium, while Ørsted has filed a lawsuit against the Trump administration over the halted Revolution Wind project. Analysts suggest a potential recovery for the UK sector post-2030, contingent on changes to the Energy Profits Levy.