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N Sea drilling activity sinks to all-time low

British oil industry alone is expected to axe 120,000 jobs by the end of the year
Monday, October 10, 2016 - 05:50
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The number of rigs drilling for oil and gas in the North Sea, home of the Brent crude benchmark, plunged in September to the lowest in nearly 35 years as companies cut spending to weather low prices.

London

THE number of rigs drilling for oil and gas in the North Sea, home of the Brent crude benchmark, plunged in September to the lowest in nearly 35 years as companies cut spending to weather low prices.

Baker Hughes Inc, the services company that tracks drilling activity

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