15/01/2015at 14:16

Media: BP to axe hundreds of North Sea jobs

One of the world's biggest energy companies, British BP, will explain to employees at a meeting in Aberdeen how the company's cost reductions in the North Sea will impact things going forward

BY TOMAS KRISTIANSEN

Cost reductions in the energy sector have now also reached BP's projects in the North Sea. Financial Times reports that the British energy company is meeting with employees in Scottish oil hub Aberdeen to explain how the cost reductions will impact production and investments.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Analysts: Oil industry about to make the real cuts
For subscribers
Shell ditches giant project following sliding oil price
For subscribers
Offshore carriers prepare for tough six months ahead
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Logistics

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

Denmark’s largest pension fund wants greater insight into how Maersk will make money from logistics. There are limitations to transparency, chair says.

For subscribers

Carriers

Weco Shipping lands yet another record profit: "It has been a great year"

For subscribers

Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Divestment of DB Schenker unlikely to finish before 2024

For subscribers

Joe Nielsen, partner at A.P. Møller Capital. | Foto: A.p. Møller Capital

Logistics

APM Capital acquires South African logistics company

For subscribers

Suppliers

DNV expects continuation of strong growth in 2023 after record-breaking 2022

For subscribers

Tanker

Major stakeholder sells off Torm shares after share rally

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

Denmark’s largest pension fund wants greater insight into how Maersk will make money from logistics. There are limitations to transparency, chair says.

For subscribers

Carriers

Weco Shipping lands yet another record profit: "It has been a great year"

The group, which is owned by the Danish baron Johan Wedell-Wedellsborg, has managed to double its bottom line in 2022.

For subscribers

Logistics

APM Capital acquires South African logistics company

A.P. Moller Holding’s investment company eyes growth potential in the African logistics operator, which has specialized in storing and transporting refrigerated food products.

For subscribers