An energy boss has told STV News the continued ‘doom and gloom’ rhetoric about the future of the North Sea can make it harder to attract investment.
Companies in the North Sea still face the windfall tax, and pressure has been growing on the UK Government to back new drilling in light of the impact of oil prices on the back of the conflict in Iran.
The UK Government has said it will support North Sea fields for their entire lifespan, arguing it’s helping provide certainty for companies to invest in the region.
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