RT | North Sea oil industry risks collapse as energy prices fall RT The North Sea oil industry has been hit hard as crude prices plunged more than 50 percent since last June. From January to March this year, government revenues plunged 75 percent to £168 million, with more than 5,000 jobs lost in the sector, according ... North Sea oil areas at 'serious risk' of shutdown Oil down again, UK North Sea job losses total 5500 North Sea loses 5500 jobs in oil market downturn - regulator |