UK government urged to help hard-hit North Sea offshore sector

The British government is being urged to come to the rescue of the beleaguered oil and gas scene in the North Sea. More than 5,500 jobs have been axed in the UK oil and gas sector in the past 14 months as the price of crude has nosedived.

Industry group Oil and Gas UK (OGUK) is urging the government to take “crucial” steps to support the industry and protect British jobs in the March budget.

OGUK economics director, Mike Tholen, said: “While companies’ concerted action to cut costs will go some way to restore the competitiveness of the UK continental shelf, it is crucial that the government takes steps to support the sector through this difficult time.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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