David J. KnottSenior Editor Northern Europe's offshore oil industry this year has begun to reveal several symptoms generally associated with middle age. Though in its prime in terms of oil production, North Sea industry has begun a dramatic slimming program. It has started a search for fresh experiences. And it has begun to revisit the big successes of its youth. Demonstrating these trends: North Sea production is higher than ever before and is reckoned to be approaching a peak that will last a few years, while Norway and the U.K. are both claiming there is much life left in their mature sectors. Norweg...

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