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Budget will back offshore supply chain, hints minister

2015-03-12 15:49:03| Oil & Gas - Topix.net

ENERGY MINISTER Matthew Hancock has dropped a strong hint that next week's Budget will include measures to support the region's beleaguered offshore supply industry. Teesside trenching company Reef Subsea UK this week became the latest North-East firm to be rocked by falling oil prices, as it entered administration and made 43 people redundant.

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