Tag Archives: north sea gas

Review of North Sea oil and gas

Ed Davey, Secretary of State for Energy and Climate Change, has launched a review of the North Sea oil and gas industry, headed by Sir Ian Wood.

In the Financial Times, Ed Davey is quoted as saying:

I expect it to say tough things to industry, as well as be supportive, and say tough things to government as well. Our offshore infrastructure is getting older, and we are seeing a decline in the rate of exploration and in the amount of oil and gas that is being recovered.

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