According to advisory firm FRP , which restructures failing businesses , a " wave of company failures " is inevitable in the UK 's oil and gas industry , with companies supporting the wider energy sector to fail first . FRP estimates that Aberdeen and north - east Scotland will be the focus of company failures , with downstream companies set to suffer the initial failures . The industry is at the mercy of record global low oil prices and the absence of anything substantive from the Treasury to assist is a sharp reminder the industry is having to rapidly adjust to a seismic shift. A reduction of industry workers will have an impact on small - scale service providers , affecting hotels and guesthouses , as well as ferry and train services transporting staff and equipment .
According to advisory firm FRP , which restructures failing businesses , a " wave of company failures " is inevitable in the UK 's oil and gas industry , with companies supporting the wider energy sector to fail first . FRP estimates that Aberdeen and north - east Scotland will be the focus of company failures , with downstream companies set to suffer the initial failures . A reduction of industry workers will have an impact on small - scale service providers , affecting hotels and guesthouses , as well as ferry and train services transporting staff and equipment .