The UK government could be on its way on agreeing a massive support package—dubbed a sector deal—with the North Sea oil and gas industry, the Scottish Secretary of State David Mundell told local Press and Journal. The package could be worth in excess of US$1.4 trillion (1 trillion pounds) over the next 17 years and, said Mundell, there was “every possibility” it will be agreed. The sector deals are an important part of the UK government’s industrial strategy announced last November and the oil and gas industry in the North Sea has been eager to take part in this strategy. This year alone, the industry said when making its case for the package, is on track to attract investments of US$5 billion this year alone, which should tip the scales in its favor. Another factor that would help the government make up its mind to provide financial support for […]