Related Articles
Forward article link
Share PDF with colleagues

Hope for UK oil industry at Offshore Europe conference

The conference in Aberdeen presented a "do or die" challenge for the UK's offshore interests amid tough circumstances

With all the large and relatively straightforward fields going or gone and oil prices in the doldrums, the gloomy contents of the industry’s economic report for 2014 came as no surprise to delegates attending the Offshore Europe conference in Aberdeen. But the crisis could be turned to the industry’s long-term benefit, presenting it, as it does, with a “do or die” challenge. Successfully addressed, it could force the industry to abandon its traditional approach to its problems and thereby ensure the maximum output from the North Sea at the least cost. And delegates said the outlook would be much bleaker now if it were not for the coalition government’s prompt implementation of the highly i

Also in this section
Qatar keeps on keeping on
21 March 2018
With the energy sector operating normally, the country is adjusting to life under sanctions
The Gulf stare down continues
21 March 2018
Tension between the nations is high, but war doesn't appear to be on the cards, despite escalating Saudi rhetoric
UK shale sector seeks revival
21 March 2018
Sentiment towards fracking remains lukewarm