The Coronavirus crisis could hasten the decline of North Sea oil & gas, a think-tank has found. Mairi Spowage, deputy director of the Fraser of Allander Institute said North Sea production was now uncompetitive. Meanwhile the GMB union said the industry was “in real danger of being wound up” in coming years. (The Herald)
North Sea Oil & Gas decline speeding up
The Coronavirus crisis could hasten the decline of North Sea oil & gas, a think-tank has found. Mairi Spowage, deputy director of the Fraser of Allander Institute said North Sea production was now uncompetitive. Meanwhile the GMB union said the industry was “in real danger of being wound up” in coming years. (The Herald)