(EnergyAsia, April 21, Tuesday) — The UK offshore oil and gas industry faces collapse as North Sea oil reserves are fast depleting and becoming increasingly expensive to bring to production. Investment in the sector could halve over the coming two years, said industry group Oil and Gas UK which represents 81 exploration and production companies….
MARKETS: UK offshore oil and gas industry faces rapid decline
Posted on April 20, 2009 by EnergyAsia