Recent Study: United Kingdom Oil & Gas Report Q3 2013
The pick-up in drilling activity in the UK's offshore sector will continue on the back of high oil prices and tax reforms that support gas production and development. This will slow the rate of decline, especially in UK gas production, though it will still be insufficient to prevent a rise in its import requirement owing to a policy focus on gas in the country's energy mix. The embrace of shale gas, however, presents upside potential, though it is not likely...
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