Britain's biggest oil and gas companies BP and BG Group will reduce capital expenditures and personnel for a total of $ 21 billion (13.9 billion pounds) amid falling oil prices. Companies expect their profits will fall significantly in the fourth quarter due to lower oil prices.
BP expects a fall in profit for the year to $ 9.3 billion from $ 23.4 billion a year earlier. Profit before tax for the year BG Group could be reduced to $ 5.4 billion from $ 7.4 billion. Earlier, the Anglo-Dutch company Royal Dutch Shell reported that it would cut investment by $ 15 billion over the next three years.
Number of employees of BP in the UK is about 15 thousand mans, BG - 5 thousand mans.
