The effect of the continuing credit crunch last summer meant that North Sea field development activity was down last year, but the steadying of the price this spring has led to projects being dusted off in both the UK and the Norwegian sectors.rnFuture deepwater drilling plans, however, are under review following the catastrophic Deepwater Horizon blowout in the Gulf of Mexico in April, and the ongoing leak, which operator BP is still struggling to control permanently. Governments and regulatory authorities are reviewing safety measures and oil spill safeguards.
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