2021 North Sea oil production at lowest since 1970s, declining rapidly with big oil companies exiting.
North Sea oil production is declining rapidly, with 2021's output at its lowest since the 1970s. Big oil companies have exited the ageing oil basin, and despite government licensing, extraction is shrinking. Scientists warn no new oil and gas projects are viable for a sustainable future. The industry's decline has left workers and businesses struggling, with no political party addressing rejuvenation, instead planning closure.
July 01, 2024
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