UK production facing 5% drop

Source: Upstream
Summary:
The UK offshore industry body Oil&Gas UK has warned that the nation's oil and gas production could fall by 5% over the next five years, and that rising costs and the increasing challenges of exploiting UK fields continues to threaten the overall viability of North Sea projects.

North Sea could be 'Gulf of future'

Source: The Press Association
Summary:
UK Prime Minister Gordon Brown will tell fellow EU leaders at the inaugural summit of the Union for the Mediterranean in Paris that the North Sea could become "the Gulf of the future" for wind power thanks to the development of off-shore windfarms in the coming years, and he will urge them to build an equivalent role for the Mediterranean in solar generation as part of a multi-billion-pound drive for "green" renewable energy technology.