The Energy Voice Out Lead team, still working from their respective EVOL lairs, take some time this week to consider how the oil price blues are threatening spending plans, upending agreed deals, and leaving workers out in the cold.
The “Yoda of the North Sea” has warned that low prices will leave a number of North Sea fields unexploited, and two of Total’s planned purchases in Africa have fallen through.
While companies are taking steps to shore up their balance sheets and focus on survival, thousands of North Sea workers have been left in the lurch and there is little sign of action from the government.
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