Rising oil and natural gas production and an easing of the UK’s political crisis are giving rise to optimism in the North Sea. But concerns loom over an expected longer-term supply shortfall and the growing pressure to address climate change. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Europe’s oil and gas industry has adapted well to the sharp downturn in prices in the middle of the last decade; costs have been reined in and production has recovered in both Norway and the UK. Asian refiners have proved keen on the larger crude production streams, such as Ekofisk, Forties and recently Johan Sverdrup. London-listed oil and gas companies have enjoyed a share price bounce since the Conservative Party’s December 12 election victory allayed fears of […]