Last year, when Oilprice wrote about a rush of investments into North Sea oil and gas, it looked like that part of the oil world was undergoing a seismic shift, with Big Oil being replaced by leaner, private equity-backed field operators that Wood Mackenzie said could turn things around. Technology helped, too. Things were looking up for one of the oldest oil-producing regions in the world. Now, the Big Oil exodus continues, and some analysts and industry insiders worry that the recovery of the North Sea may falter in the not too distant future. Recently, there’s been a string of deals in the North Sea: Equinor earlier this month said it had agreed to buy Chevron’s stake in Rosebank, one of the largest undeveloped oil and gas finds in the British section of the North Sea. For Chevron, the deal is part of a larger plan to exit the […]