Costs bear down on venerable Shetland oil industry

Costs bear down on venerable Shetland oil industry

November 11, 2015
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The North Sea oil industry, particularly the Shetland region at its core, is showing the strain of low oil prices, raising questions about its viability.

The demise of the four-decade old UK industry has been predicted many times, with recent concerns centered on taxation and possible independence for Scotland.

 

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Source:: Oil Voice