BP has revealed the story of North Sea oil will run for at least another 40 years after receiving the go-ahead for a major £4.5 billion project. The second phase of the giant Clair field, west of the Shetland Islands, forms part of £10bn being spent on four projects by BP and its partners from Shell, ConocoPhillips and Chevron over the next five years, bringing an end to several years of decline in the industry. Read More
