U.K. North Sea Oil Spending to Drop 40% This Year From 2014

By hellenicshippingnews Oil and natural gas producers in the U.K. North Sea will spend 40 percent less this year than in 2014 as low crude prices force them to tighten budgets, the industry's lobby group said Tuesday. The drop in spending could threaten future production, Oil & Gas U.K. said in a report, potentially halving […]

Published February 23, 2016

By LizOutLoud

By hellenicshippingnews Oil and natural gas producers in the U.K. North Sea will spend 40 percent less this year than in 2014 as low crude prices force them to tighten budgets, the industry's lobby group said Tuesday. The drop in spending could threaten future production, Oil & Gas U.K. said in a report, potentially halving it by 2025 ... Read full story ›

Source:: Hellenic shipping news Oil

      

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