OPERATIONS

Oil price woes to see 30,000 job losses in North Sea

THE latest industry survey conducted by the peak body for the oil and gas in the UK, OGUK, warned there will be more than 30,000 job losses from the upstream sector due to the global COVID-19 economic fallout and devastated oil price.

paul hunt

Oil price woes to see 30,000 job losses in North Sea

While major explorers and producers have already announced deep cuts to operational and capital expenditure, and laid off thousands of employees, a survey from OGUK showed "many more" workers will...

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