More Aberdeen job losses with famous port announcing cuts amid oil and gas uncertainty.

Port of Aberdeen has become the latest North Sea company to declare that it is reducing staff, with both governments being blamed for failing to support the sector.

More jobs are being slashed in Aberdeen, with the famous harbour laying off employees and blaming the steep decline in North Sea oil and gas development.

The Port of Aberdeen has become the latest company to announce job layoffs, with its CEO blaming both governments for their lack of support for the industry.

The UK Labour Government has imposed a prohibition on new projects, while the Scottish National Party’s energy plan still states that there is a “presumption” against new drilling since it has not been updated.

According to the Scottish Daily Express, the windfall tax has a significant influence on the profitability of enterprises in the area.

Bob Sanguinetti, Chief Executive of the Port of Aberdeen, stated that while the oil and gas sector is declining, there is little investment or employment in renewables to keep businesses viable. The Scottish Government has long promised a Just Transition, but has failed to deliver.

He highlighted a 25% drop in North Sea activity since the summer peak, as well as a 10% year-to-date decline. Mr. Sanguinetti stated, “We have launched a process to decrease our costs and restructure the organisation in response to continued low levels of activity in the port.

“Unfortunately, this includes a small reduction in roles, and today we opened expressions of interest for voluntary redundancy.” The port could not disclose how many roles are expected to be affected.

The corporation was created in 1136 and is the oldest operating enterprise in the United Kingdom, as well as Scotland’s busiest commercial port. It handles 43% of the nation’s commercial vessel traffic and is an important link in the North Sea energy supply chain.

Oil and gas remain its primary product, accounting for 60% of its workload. In contrast, offshore wind contributes only 1% of total income.

Mr Sanguinetti cautioned that the rate of reduction in oil and gas work is currently outpacing growth, saying: “Oil and gas activity is down 10% year to date, and a stunning 25% during the summer months, with the trend expected to continue next year.

“We face challenges as this rate of decline is outpacing the growth and diversification of activity at South Harbour.” He previously stated that, while SNP ministers advocate for offshore wind to replace oil and gas, the reality on the ground is far more difficult.

He stated, “Offshore wind is the most significant opportunity on the horizon; however, large-scale activity remains a distant prospect for the region.”

“We remain dedicated to expanding and diversifying port activities, but due to current conditions, this may take longer than expected.

The corporation was created in 1136 and is the oldest operating enterprise in the United Kingdom, as well as Scotland’s busiest commercial port. It handles 43% of the nation’s commercial vessel traffic and is an important link in the North Sea energy supply chain.

Oil and gas remain its primary product, accounting for 60% of its workload. Offshore wind yields only 1% of total income. Mr Sanguinetti cautioned that the rate of reduction in oil and gas work is currently outpacing growth, saying:

“Oil and gas activity is down 10% year to date, and a stunning 25% during the summer months, with the trend expected to continue next year.

“We face challenges as this rate of decline is outpacing the growth and diversification of activity at South Harbour.” He has stated that, while SNP ministers advocate for offshore wind to replace oil and gas, the reality is far more difficult.

He stated, “Offshore wind is the most significant opportunity on the horizon; however, large-scale activity remains a distant prospect for the region.” “We remain dedicated to expanding and diversifying port activities, but due to current conditions, this may take longer than expected.

“The most likely method to accelerate the transition is to support current energy businesses, leveraging their knowledge and project management skills to deliver the massive scale of future renewables initiatives.

“Our request is clear and urgent. The government must establish a secure, supportive climate for our world-leading domestic oil and gas sector while also collaborating with industry to speed offshore wind development.

“We risk being stranded between two energy eras, losing the people and skills needed to power energy transition, and the opportunity will sail past our shores.”

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