Tag: Britain's oil and gas industry

• Wednesday, February 26th 2014 - 07:03 UTC

  Britain's oil and gas industry faces 'biggest challenge in 50 years' because of low level of exploration

  

  Britain's oil and gas industry has warned it faces its “biggest challenge in 50 years” due to the low levels of exploration. Industry body Oil and Gas UK said only 15 wells were drilled last year. That was despite strong levels of investment, reaching a record last year and sustained this year.