Bleak Picture for North Sea Oil and Gas Industry
Posted: 24th Feb 2015 | Written By: OnboardOnline
Oil & Gas UK has declared that the financial situation within the industry is so dire that large areas of the North Sea could be 'sterilised', with oil companies unable to finance exploitation of unused fields.
The sector as a whole lost £5.3bn last year, the worst figure since the 1970s - more
*Image credit: Wikimdedia Commons CC2.0
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