Britain’s badly battered home of offshore activities, Aberdeen, is to receive £250m ($360m) in funding from the British and Scottish governments. Redundancies in the UK North Sea offshore sector have been in the thousands in recent months.
The extra cash will help pay for an expansion of the city’s port as it aims to bid for oil and gas decommissioning work, a sector expected to be worth £45bn by 2040.
Funding will also go on a new energy research centre.
Scotland’s first minister, Nicola Sturgeon, is pushing for London to make more tax cuts for the oil and gas sector.