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Severe Weather Hits North Sea Production Units

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A pair of severe winter storms battered UK and Norwegian North Sea assets over the last week, with winds up to 160kmh and waves of 10-12m. One storm, Nina, is considered be the strongest storm to hit Norway in 20 years.

UK announces new regulator to maximize energy extraction

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The UK has announced that a new regulator, the Oil & Gas Authority, will be established in line with recommendations made as part of Sir Ian Wood’s report “UKCS Maximising Recovery Review.”