Market collapse could halve production revenues as UK economic crisis bites, says report
The North Sea oil and gas industry is in a “paper-thin” position as global oil markets plummet towards 18-year lows amid the UK’s economic emergency, according to a report.
An industry trade body said investment in the ageing oil basin, which supports about 250,000 jobs in the UK, was expected to slump by almost a third because of the market collapse.
Continue reading...from The Guardian https://ift.tt/2wmMcdd
Jillian Ambrose Energy correspondent
Market collapse could halve production revenues as UK economic crisis bites, says report
The North Sea oil and gas industry is in a “paper-thin” position as global oil markets plummet towards 18-year lows amid the UK’s economic emergency, according to a report.
An industry trade body said investment in the ageing oil basin, which supports about 250,000 jobs in the UK, was expected to slump by almost a third because of the market collapse.
Continue reading... https://ift.tt/eA8V8J March 19, 2020 at 02:01AM
ليست هناك تعليقات:
إرسال تعليق