Brits Expect To Rake In £1.5B In Oil & Gas Investments

Law360, New York (August 7, 2012, 4:47 PM EDT) -- The UK will see more than £1.5 billion (US$2.4 billion) worth of private oil and gas investments over the next few years, with North Sea oil fields and universities drawing commitments from upstream and research and development firms, the British government announced Tuesday.

The unveiling formed the centerpiece of London's presentation at the Global Business Summit, an event hosted by the U.K. Trade & Investment department to coincide with the 2012 Olympic Games. In front of delegates from the world's top oil and gas companies, the...
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