UK Government to Set Up North Sea Support Group
UK Prime Minister David Cameron is setting up an "oil support group" for the North Sea oil industry, Rigzone can confirm, but details of how the group will look and who will take part are still being worked out.
Early on Friday the Financial Times reported that the group will be chaired by Oliver Letwin, the UK's Minister for Government Policy and will include Fergus Ewing, minister for business, energy and tourism in the Scottish government, as well as Anna Soubry, a business minister at the UK's Department for Business, Innovation and Skills (BIS).
Business Minister Soubry was quoted by the FT as saying the new body will be a "cross-government group".
However, after speaking to sources at BIS and the Department for Energy and Climate Change, Rigzone understands that the structure and composition of the oil support group is still being discussed.
Last year, several oil and gas companies announced hefty cut backs in their North Sea workforces on account of low oil prices. This month saw BP announce it would cut a further 600 North Sea jobs by the end of 2017.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 33 Offshore Rigs
- Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
- Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps (Dec 21)
- Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)