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Home Business Local Business

Ed Davey requests urgent commission on North Sea industry

By Andrew Clark
Sir Ed Davey
Sir Ed Davey

The Secretary of State for Energy and Climate Change has asked the new chief executive of the Oil and Gas Authority (OGA) to lead an urgent commission to identify key risks to oil and gas production in the UKCS.

Ed Davey said he had asked Andy Samuel to look at what further measures could be taken to help mitigate the impact of low oil prices and high production costs affecting the industry.

The minister made the announcement on a vist to Aberdeen on the same day BP revealed it would be cutting 200 jobs from its North Sea operations and axing 100 contractor roles.

Read everything the Secretary of State for Energy and Climate Change had to say on our sister site, Energy Voice.