The Telegraph: The Flight From the North Sea Continues
E.on, the German energy giant, is preparing to pull out of the North Sea, exacerbating an exodus of explorers from the region as it battles a slump in oil prices.
The company is planning to offload around £1bn worth of fields off the coasts of Scotland, England, the Shetland Islands and Norway.
More than £6bn worth of North Sea assets are already up for sale, according to oil and gas consultancy group 1 Derrick, with major oil groups Total, ConocoPhillips, BP and Shell already working on plans to pull out in the wake of slumping oil prices.
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