Oil & Gas Financial crisis could hit North Sea budgetsA director at Oil and Gas UK has said that lower oil prices and the impact of the credit crunch could hit North Sea capital investment next year. November 7th 2008, 3:27 am 2 min read Facebook An icon of a facebook f logo. LinkedIn An icon of the LinkedIn logo. Twitter An icon of the Twitter logo. A director at Oil and Gas UK has said that lower oil prices and the impact of the credit crunch could hit North Sea capital investment next year.