Optimism returns to North Sea energy sector as ‘corner turned’

Optimism is returning to North Sea energy operators, with trends in “upstream” exploration and production activity the highest since 2014, an authoritative report out today shows.

  • Martin Flanagan
  • The Scotsman

UK Continental Shelf (UKCS) contractor investment is outweighing cost reductions, with firms also now equally optimistic about the North Sea and international markets for the first time since 2013, according to the 28th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce, KPMG and the…

Fert 3cOverall, almost two thirds (64 per cent) of contractors are more confident about doing business than they were a year ago, with only 8 per…

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