North Sea oil and gas companies’ profits at 5-year low

North Sea oil and gas companies’ profits at 5-year low:



"The United Kingdom made its position clear, underlining the importance of the Southern Corridor and Azerbaijan for Europe's energy security.



‘Discussions about the progress of the Southern Corridor (SC) gas pipeline route will be on the agenda when Business and Energy Minister Michael Fallon visits Azerbaijan this week (9-11 July),’ the Department of Energy & Climate Change wrote on Wednesday.



While having potential problems with indigenous production, the country is increasingly voicing the need to diversify European gas sources.  "



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