Forbes | One In Seven North Sea Oil Barrels Being Produced 'Below Cost' Forbes The already grim mood of North Sea oil and gas operators got a shade darker with independent exploration firm First Oil Expro calling in administrators on 22 February, unable to cope with a 36% decline in Brent oil prices noted in 2015. In doing so ... Oil Price Crash Claims U.K. North Sea Victim First Oil Expro Aberdeen oil tycoon pulls the plug on North Sea firm |