Oil giant BP has announced it will eliminate about 16 per cent of its UK workforce or around 500 jobs this year. BP said the cuts were necessary in order to put its North Sea investment on a more sustainable footing after finding itself spending more to extract fewer barrels of oil after North Sea oil production peaked in 1999.
About 200 jobs will be cut from its headquarters in Aberdeen while a further 300 jobs will be cut from its UK onshore and offshore facilities. Last year the company trimmed 1000 jobs from its crude oil refining and chemicals complex located in Scotland.
The North Sea accounts for more 20 per cent of BP's global production of 3.5 million barrels per day.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
