Offshore union RMT has warned of long-term damage to Britain’s energy industry after BP posted its largest annual loss for 20 years and revealed another 3,000 job losses as it continued to hack back on budgets in the face of global turmoil.
Confidence levels among oil and gas contractors working in the North Sea have hit an all-time low, with a large majority believing job losses will continue over the next year, an industry report has found.
Chancellor George Osborne gave the North Sea oil and gas industry a clear signal that it will have to become its own saviour - by saying nothing about it in his Autumn Statement.
An Aberdeen engineer, made redundant during the recent oil industry contraction, has decided to return to further education as the sector confronts a new reality.
