Financial Times | Statoil makes UK oil discovery of up to 130m barrels Financial Times Speaking to the FT last month, Shell CEO Ben van Beurden said the risk of a “death spiral” had been real if companies had decommissioned uncompetitive infrastructure, putting undeveloped oil and gas out of reach. “That big risk . . . looks to have been ... Jersey Oil and Gas Verbier side-track hits new North Sea oil discovery |