File:The UK's 2015 Oil Reality (17918967973).jpg

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Offshore drilling rigs and a platform supply vessel lay idle on the Cromarty Firth, Scotland. New oil exploration and development of existing fields on the UK continental shelf has declined sharply since the start of the 2014 oil price slump.

Many of the drilling rigs in this frame are "cold stacked"; an industry term used for assets that are preserved or mothballed, usually unmanned, until prospects of new drilling improve.

More than 1,000 oil workers in North East Scotland have lost their jobs since the downturn began last year. Local businesses, from bars to taxis and hotels, have reported fewer customers. The property market, once on of the UK's most buoyant, is reversing direction.

Other oil cities across the globe, such as Houston, Stavanger and Perth are also facing similar plights.
Date
Source The UK's 2015 Oil Reality
Author Michael Elleray from England, United Kingdom
Camera location57° 40′ 36.33″ N, 4° 16′ 30.19″ W Kartographer map based on OpenStreetMap.View this and other nearby images on: OpenStreetMapinfo

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w:en:Creative Commons
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This file is licensed under the Creative Commons Attribution 2.0 Generic license.
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This image was originally posted to Flickr by Michael Elleray at https://www.flickr.com/photos/36021014@N06/17918967973. It was reviewed on 22 June 2015 by FlickreviewR and was confirmed to be licensed under the terms of the cc-by-2.0.

22 June 2015

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3 June 2015

57°40'36.332"N, 4°16'30.194"W

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Date/TimeThumbnailDimensionsUserComment
current09:23, 22 June 2015Thumbnail for version as of 09:23, 22 June 20155,177 × 2,912 (7.32 MB)wikimediacommons>4ingTransferred from Flickr via Flickr2Commons

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