Record investment planned for North Sea
London, 12th April 2013
Record levels of investment will flow into the North Sea this year as 14 new oilfields come into production, triggering a historic rise in oil and gas output after more than a decade of decline.
According to Oil & Gas UK, the offshore industry group, some 470m barrels of oil and gas will come on stream in 2013 – a fivefold increase on the average over the past three years. The group’s chief executive, Malcolm Webb, told the Financial Times that capital investment in new fields will rise from £11.4bn in 2012 to £13bn this year – the highest ever.
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Financial Times
Aberdeen Traffic Down
Glasgow, 13th April 2013
Aberdeen Airport continued to feel the effects of a drop in helicopter traffic, sparked by the continued grounding of the Super Puma EC225 model because of technical faults.
New figures show that 267,341 passengers used the airport in March, down 3% year on year, which was put solely down to decreased helicopter activity.
Helicopter passenger numbers dropped by 18%, with the decline offset by a growth in domestic services to destinations like Sumburgh on Shetland.
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HeraldScotland