Tag: UK offshore oil sector

• Saturday, September 12th 2015 - 09:59 UTC

  UK offshore oil sector lost 65.000 jobs; industry's challenge: taking a barrel's operational cost to £15

  

  The contraction of Britain's offshore oil sector has already stripped out 65,000 jobs, according to a new report. The calculation of a 15% drop since the start of last year came from the annual economic impact report of trade body Oil and Gas UK.