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That sinking Feeling

Financial Times article by Christopher Adams, Michael Kavanagh and Chris Tighe: 25 Feb 2015

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That sinking feeling

North Sea oil was a challenge before prices halved. Now the UK industry fears a fatal blow

The plunge in prices, a tax system that deters investment and a failure by producers to co-operate could lead to a wave of early field closures and accelerated moves to decommissioning.

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