Northsound Energy Special with GE Oil & Gas: Day 2 at Offshore Europe

Today included two new announcements by Aberdeen's Universities.

RGU announced the signing of a Memorandum of Understanding with the Mexican Government - which allows a bigger and better oil and gas collaboration between the two. Aberdeen University also had an announcement, they are creating a brand new masters course to drive innovation.

But the biggest talk of the day was new figures released by Oil and Gas UK, which revealed that 65 thousand jobs have been cut in the last year, due to the downturn. It was a shocking figure, but not unexpected for many.

But Oil and Gas UK were keen to remain positive, saying that operating costs will be down by almost a quarter by the end of 2016.