Matt Corbin, regional leader UK and Continental Europe for GE Oil & Gas, said while the company had been hit by the slowdown in the North Sea this year executives have been getting clear indications that activity levels are set to increase shortly.
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GE to maintain North Sea investment amid hopes of recovery
The head of the European oil and gas operations of GE said the US giant would maintain investment in the UK North Sea, where he expects markets to start to recover from the problems caused by oil price volatility and the recession next year.
