U.K. North Sea Faces 90% Cut in Investment

GALWAY, IRELAND--April 10, 2023--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Nine out of ten firms operating in the U.K. North Sea are cutting back on planned investments due to high windfall taxes, political instability and inflation.

Within this article: Details large cut in U.K. North Sea oil and gas investment, outlook for sector, impact of windfall taxes, regulatory environment, positive investment on renewables front