North Sea Drilling at Record Low Spells End to Region's RevivalBy and
Offshore projects bear brunt of oil rout as operators retrench
IEA sees output from area falling in 2016 after 2-year rebound
The pace of drilling in the North Sea, the center of U.K. oil production for the past 40 years, has sunk to a record as crashing energy prices force explorers to abandon costly projects.
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