Telegraph.co.uk | North Sea faces £12bn investment collapse from oil price slump Telegraph.co.uk In its latest economic report on the North Sea, Oil and Gas UK said that 15pc of the offshore industry's workforce - equal to 65,000 jobs - has been lost since the beginning of last year as oil companies cut back amid a 50pc slump in prices to around ... 'Devastating' impact of oil price fall on British jobs UK oil, gas output to rise for first time in 15 years |