Britain dismantles its oil industry
Britain dismantles its oil industry

Britain dismantles its oil industry

FT News in Focus


09.06.2016 • 10 Min.

Britain's North Sea oil infrastructure is being dismantled, rig by rig, after falling oil prices made the industry unprofitable. Many in the north of Scotland hope decommissioning can provide a lifeline for a local economy. Matthew Vincent asks FT oil correspondent Kiran Stacey and Lex writer Alan Livesy who will foot the bill. Hosted on Acast. See acast.com/privacy for more information.