Woodmac: North Sea oil can handle crisis – for the moment
The North Sea can survive the current crisis in the short term. But in the longer run, it will take investments, otherwise it is all over, according to Woodmac analyst Naivan Boroujerdi.
Oil prices have fallen to their lowest level since 2003, and in recent days, huge oil companies like Total, Shell and Equinor have been lining up to announce cuts to their investment budgets.
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