Business Insider UK | The biggest threat to Britain's North Sea oil industry has nothing to do Brexit or supply Business Insider UK north sea oil1 A general view of the BP ETAP (Eastern Trough Area Project) oil platform in the North Sea. Getty. LONDON— The North Sea oil industry is one of the jewels in the crown for Britain's economy. But there is a ticking timebomb that could put ... Hammond must avoid more North Sea oil subsidies in the autumn statement |