North Sea fading, industry body warns

North Sea fading, industry body warns London (UPI) Feb 23, 2016 - A British industry body said the North Sea energy sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. A report from Oil & Gas U.K. finds exploration activity offshore is at an all-time low and there are no signs of improvement. Less than $1.4 billion in spending on new projects is expected in 2016, compared with an average of around $ ... morehttp://www.oilgasdaily.com/reports/North_Sea_fading_industry_body_warns_999.html