Press and Journal: Britain faces an “energy crunch” if steps are not taken to help its offshore sector, an industry leader warned yesterday. Oil and Gas UK (OGUK) chief executive Malcolm Webb was speaking after figures revealed falling investment and rising costs in the industry. He said billions of barrels of oil and the gas equivalent could be left unrecovered in the North Sea if the UK Government did not act, increasing the country`s dependence on imports. He repeated his organisation`s …