North Sea Oil Producers Warn of Mass Exodus

The UK’s oil industry has had a tough few years. The future does not promise a change in a positive direction, either. It seems all hope for this has been lost, and some oil drillers are looking at other jurisdictions for their future survival. This is certainly the case for Serica Energy, one of the biggest suppliers of oil and gas to the UK, operating fields in the North Sea. Once upon a time, the North Sea was one of the biggest oil- and gas-producing regions in the world. Serica Energy chairman David Latin recently dropped what should…