UK Energy Secretary Ed Davey has met with oil company representatives in Aberdeen to discuss challenges facing the industry.
It comes after BP announced it would be axing 200 jobs and 100 contractor positions at its North Sea operation.
The recent sharp reductions in oil prices are very challenging for companies active in the North Sea and that’s why I’m here in Aberdeen today to meet with industry leaders to address the challenges the North Sea industry faces both in the short and longer term as a matter of priority.
The threat to jobs has been brought home by the news from BP today. We have great sympathy with all those directly affected.
BP is a significant investor and employer in the North Sea and the UK Government recognises the importance of the North Sea sector, both in terms of thousands of Scottish jobs it supports and its overall benefit to the whole UK economy.
Union bosses have criticised oil giant BP for putting extra pressure on offshore workers with plans to cut hundreds of back-office jobs, labelling it a "devastating blow" for the industry.
And general secretary of the Rail, Maritime and Transport (RMT) union, Mick Cash, said he believed there was more bad news to come.
He called for a freeze to more cuts.
The announcement from BP is a devastating blow to hundreds of workers in the UK energy industry and we are being warned that there is much worse to come.
RMT believes that the industry is making offshore workers carry the can for their failure to plan for lean times such as these. Instead they have gone for a short-term slash-and-burn approach that will have long-term implications for the future of the entire industry and the security of the UK's energy supplies.
RMT, along with our sister unions, is meeting with Oil and Gas UK tomorrow, where we will be pushing for a halt to the job cuts programme and an emergency package of measures to stave off the destruction of both jobs and infrastructure.
The threat to jobs from the slump in the price of oil has created "the most serious jobs situation" in Scotland "in living memory", Holyrood's Energy Minister has claimed.
As oil giant BP announces 300 job cuts - including 100 contractor positions - at its North Sea operation, Fergus Ewing said urgent changes to the tax regime were needed to help protect the industry.
He warned of the potential for "premature" decisions to decommission oilfields due to cost concerns, which otherwise could continue production for decades.
BP has announced it expects to cut around 200 jobs and 100 contractor roles.
The oil giant said the cuts are being made to land-based roles rather than offshore operations, and said other non-job-related changes would also be imposed.
Regional president for BP North Sea, Trevor Garlick, said the firm was working with those affected.
We are committed to the North Sea and see a long- term future for our business here.
However, given the well-documented challenges of operating in this maturing region and in toughening market conditions, we are taking specific steps to ensure our business remains competitive and robust, and we are aligning with the wider industry.
Whilst our primary focus will be on improving efficiencies and on simplifying the way we work, an inevitable outcome of this will be an impact on headcount.
The cuts come as part of a £638 million cost-cutting exercise, as major restructuring plans are stepped up due to a recent slump in oil prices.
Unions have warned that a cut in the number of jobs could cause "serious long-term damage" to the UK's energy capacity.
Unite has confirmed that 205 people are being made redundant at Cadbury in Birmingham, as part of a £75 million investment in the factory.Read the full story ›
Winds in excess of 100mph battered Great Dunsell in Cumbria on Wednesday, according to the latest figures from the Met Office.
Forecaster Mark Wilson said gusts of 70-80mph were likely in exposed areas and high ground today.
ITV Central Business Correspondent Mark Gough reports that Cadbury will invest £75 million in modernising productions lines at its factory in Birmingham:
Unite confirm 205 redundancies at Cadbury in Birmingham. All voluntary. Part of agreement for £75m investment in new equipment.
Cadbury plant in Birmingham will be modernised - securing its future for many years. Production lines - some 30 years old cut from 6 to 4.
Cadbury factory in Birmingham will now be making Milka, Toblerone, as well as Dairy Milk, Whispa, Roses and others.
More than 200 jobs are to go at Cadbury in a move the company says will safeguard production at Bournville for the next 25 years, according to reports.
It will see long serving members of staff receiving payoffs of more than £100,000.
Cadbury say none of the job losses will be compulsory.
Staff at oil giant BP in the North Sea are expected to be briefed today on potential job losses, as part of $1bn (£638m) cutbacks.Read the full story ›