oil industry


North Sea drilling at record low


The pace of drilling in the North Sea, the centre of UK oil production for the past 40 years, has sunk to a record as crashing energy prices force explorers to abandon costly projects.


BP to axe 600 North Sea jobs


BP has today informed staff members of plans to slash its North Sea headcount by 20% amid “toughening market conditions”.


Economy hit by downturn in oil industry


BUSINESS activity in the private sector dropped due to the downturn in the oil and gas industry, according to a new report. The Scottish economy contracted in November according to the Bank of Scotland’s monthly purchasing managers index (PMI). It comes after there was modest growth in October. For more on this story visit Energy Voice.


Employment rise in Aberdeen is second highest in UK


THE Granite City has shown “remarkable resilience” in the face of the oil downturn, finance experts said today. However, a report by EY – connected to Ernst and Young – warned the “real consequences have yet to hit”. For more on this story visit Energy Voice.  


Man airlifted from North Sea oil rig


A MAN is being airlifted from a North Sea oil rig after falling ill. Aberdeen Coastguard dispatched the Bond 1 helicopter to the Safe Bristolia platform at 12.35pm today. The condition of the man is not thought to be life threatening, but he is to be taken to Aberdeen Royal Infirmary as a precaution.