New Market Research Report: United Kingdom Oil & Gas Report Q1 2014
An uptick investment offshore is providing some relief from the overall downward trend in oil and gas production from the UK. However, without new discoveries, the recent boost to output is only likely to stem rather than reverse the decline given falling volumes from mature fields. While the industry has responded positively to the end of a moratorium on shale gas development, as well as incentives, strong opposition at the local level has already disrupted drilling plans. These challenges only...
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