BusinessGreen: The UK oil and gas industry has hailed "renewed commitment" from the government after reporting record levels of investment at a time when the coalition's energy policy is facing intense scrutiny.
Trade body Oil & Gas UK, which represents offshore operators, said investment levels this year are expected to reach 13.5bn. This represents a 6bn boost on 2012, which it attributed to new tax allowances granted by Chancellor George Osborne aiding new exploration.
"The recent sharpening of focus...