Price collapse hits N Sea production

July 2007
Utility Week;7/6/2007, Vol. 27 Issue 15, p6
Trade Publication
The article reports on the implications of the declining gas prices for the British offshore energy industry. Trade association Oil & Gas UK reports that offshore energy production could decline if gas prices continue to drop. Chief executive Malcolm Webb says that several gas exploration projects are vulnerable to low gas prices. He notes that low gasoline prices make it difficult for the energy industry to attract investors.


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