North Sea oil fields in worst plight of past 15 yearsAs oil prices hit rock bottom, thousands lose jobs and government revenues slump 42 percent in 12 months PNA Staff
Britain’s North Sea oil fields are in their deepest crisis of the last 15 years and the outlook is even worse, experts have told the BBC. Stephen Boyle, head of business economics at the Royal Bank of Scotland, said a “lot of rationalization” will be needed among major operators regardless of what h....
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Urgency to cut production costs Government revenues plummet
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