BBC News | Oil and gas firms 'plan more cuts', report suggests BBC News More than four in 10 of the UK's oil and gas firms plan to cut costs further in response to the downturn in the industry, according to survey evidence. The Bank of Scotland/Lloyds Banking Group report took industry opinion between last December and ... Bank of Scotland warns of further North Sea pain after 'severe' oil slump 32% of oil and gas firms 'planning more job cuts' Herald View: Action needed to avoid a deeper crisis in oil and gas |