Showing posts with label UK offshore oil and gas industry. Show all posts
Showing posts with label UK offshore oil and gas industry. Show all posts

Wednesday, February 25, 2015

Oil and gas industry in 'bleak' 2014, finds survey

The UK offshore oil and gas industry has reported its worst annual performance for four decades. Industry body Oil & Gas UK said falling oil prices and rising costs meant the sector spent and invested £5.3bn more than it earned from sales during 2014.