Britain’s North Sea Oil and Gas Sector Sees a Surprise Investment Surge

So much for the “sunset industry” narrative. Britain’s North Sea oil and gas sector just pulled a fast one on the doomsters. The UK’s North Sea Transition Authority (NSTA) says 2024 investment came in at nearly £6 billion—more than 50% above what it predicted last fall. And while 2025 spending is expected to cool a bit to £4.8 billion, that’s still miles ahead of previous projections. Why the sudden confidence? It turns out that, despite windfall taxes and policy zigzags, companies are still finding…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com