Rationalisation among North Sea minnows ‘on the way’A long-overdue rationalisation among the smaller oil and gas firms in the North Sea is on the way, according to an industry expert. December 12th 2008, 2:53 am 3 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 long-overdue rationalisation among the smaller oil and gas firms in the North Sea is on the way, according to an industry expert.