TAQA To Cut 100 Offshore Crew Jobs

Oil firm TAQA have announced they are to cut 100 offshore crew positions from their North Sea operations.

They say it will mostly affect contractors.

The consultation will take a few weeks, and all staff at risk have been informed.

In a statement, a spokesperson said: "TAQA’s UK North Sea business, along with the industry as a whole, is operating in a challenging environment. The combination of an enduring low oil price, declining production rates and increasing operating costs, means we must continually review our activity set and refine our approach in order to prioritise the areas of our business that will ensure our long-term success."