North Sea Oil Industry Asked the Government for More Help to Drill and Decommission — Got Both

The government has announced more financial help for the North Sea oil and gas industry.

Chancellor Philip Hammond today announced plans to establish a panel of experts to decide on the best way to squeeze every last drop out of the region’s oil fields in his first and last Spring budget.

The additional measures will go on top of around £2.3 billion the industry received in subsidies from the government over the past three years.