MORE NORTH SEA OIL JOB CUTBACKS

Oil concern MAERSK OIL said yesterday it is cutting its North Sea workforce by between 10 per cent and 12 per cent. This would bring the total of posts lost during 2015 to about 1,250.

The company says it is  part of a drive to reduce operating costs by 20 per cent by the end of 2016.The UK jobs are linked to the phase out of the Janice installation, 150 miles south-east of Aberdeen, and changes to the offshore rotation. Maersk is also scaling back its business in Qatar and Norway, as well as at its Copenhagen headquarters, and in Kazakhstan. It says the move followed an “extensive internal review of business activities and continued low oil prices”.

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