By Ross Dornan, Oil & Gas UK’s market intelligence manager
“O wad pow’r the giftie gie us, to see ourselves as ithers see us” – one of Robert Burns’ most well-known phrases offers insight to the UK’s oil and gas industry. To say it has changed in the last three years is a stretch to the farthest realms of understatement.
Employment in the North Sea industry will increase this year, according to new findings from Oil and Gas UK (OGUK), as the worst period of job losses is "behind us".
The Treasury is unlikely to reverse North Sea tax breaks in the upcoming Budget amid industry warnings it could cause “irreversible damage”, it emerged last night.
The North Sea sector needs to start making its vision for the next 17 years a reality, rather than getting bogged down in details, industry chiefs said today.
North Sea oil companies will commit to developing between 12 and 16 new fields in 2018, more than in the last three years put together, a new report said.