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Bleak Picture for North Sea Oil and Gas Industry

North Sea oil platform

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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