Photographer: Simon Dawson/Bloomberg

North Sea Drilling at Record Low Spells End to Region's Revival

  • 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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