Energy price makes Scottish oil revenue plummet

Oil revenue for the Scottish part of the North Sea dropped no less than 75 percent in the first three months of 2015. The low oil price is now also hitting growth in Denmark.

Photo: COSL

The Norwegian and Danish energy companies are not the only ones marked by the new conditions in the industry. The low oil prices are felt big-time by the Scottish oil industry as revenue in the Scottish part of the North Sea dropped 75 percent in the first quarter of 2015, reports the BBC on the basis of a financial review published by the Scottish authorities.

Where the country's oil industry had a turnover of GBP 742 million in the first three months of 2014, the same figure in the first quarter 2015 dropped to just GBP 168 million.

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