UK oil & gas investment reaches record high

Posted by BusinessGreen: None Given on August 21st, 2013
BusinessGreen: The UK oil and gas industry has hailed "renewed commitment" from the government after reporting record levels of investment at a time when the coalition's energy policy is facing intense scrutiny. Trade body Oil & Gas UK, which represents offshore operators, said investment levels this year are expected to reach £13.5bn. This represents a £6bn boost on 2012, which it attributed to new tax allowances granted by Chancellor George Osborne aiding new exploration. "The recent sharpening of focus......

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