• Oil & Gas UK reports exploratory drilling fell by 40% last year • North Sea oil production and exploration supports 440,000 jobs Dana has reserves of 223m barrels of oil from 36 oil and gas fields in the North Sea, Morocco and Egypt. Photograph: Michael St Maur Sheil/Corbis The near $2bn bid for Dana Petroleum is a boost for the North Sea showing that high values can still be put on companies with exposure to a very mature oil region that some had mocked as the new Dead Sea....
Full Story: The Guardian
