UK North Sea remains competitive at lower oil price, says trade body
UK North Sea remains competitive at lower oil price, says trade body
Oil producers are in an ‘unpleasant place’, but have already taken steps to mitigate the full impact of the oil price hitting 20-year lows.
Most oil producers in the UK’s North Sea are still competitive even in the face of massively depressed oil prices, a leading trade association has said.
Oil companies have been squeezed in recent weeks, as the price of Brent crude, the main benchmark use...