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

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…

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