KEYFACT Energy
Energy companies are preparing to invest £5bn in new capital projects in the North Sea this year, according to the industry’s trade body, in the latest sign of recovery in the region after the oil price crash in 2014.
Up to 16 oil and gas developments could get the go-ahead during the next 12 months, unlocking investment of about £5bn, said Oil & Gas UK, which represents North Sea operators.
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