Business Outlook Report Launch
The UK oil and gas sector is entering a critical year in 2017 as companies look to preserve and improve recent cost and efficiency gains. It will likely be a contrasting year for different players across the industry with some companies beginning to see an upturn under improved market conditions but others still stretched as capital investment in the basin remains scarce. Concerted action to improve the outlook for the UKCS continues to be taken and progress is being made in restoring international competitiveness.
The launch of Oil & Gas UK’s new Business Outlook in March this year looked at opportunities and risks facing the whole industry in 2017, both for exploration and production companies as well as the different areas of the supply chain.