Opening new acreage to drillers on the British continental shelf sets the stage for a revival for the offshore sector, a government official said Tuesday. The British Oil & Gas Authority said it was opening up more than 140,000 square miles of offshore territory from the west of Scotland to parts of the English Channel for potential drillers. Andy Samuel, the chief executive of the OGA, said in a statement that “following hot on the heels” of the previous round, the foundation was set “for the ongoing revival in exploration activity across all areas of the U.K. continental shelf.” Under the terms of the licensing rounds, companies have the chance to propose other parts of mature areas where supplementary work could occur. Claire Perry, the British […]