finance
North Sea energy firms report declining UK investment confidence
A survey of 121 energy-sector organizations found most still see long-term potential in the North Sea if fiscal and regulatory settings remain stable. Several operators said overseas markets are expected to overtake domestic revenue within five years.
May 26, 11:54 AM·1m read1 source
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A report released today by the Aberdeen & Grampian Chamber of Commerce surveyed 121 organizations tied to North Sea operations and found that 93 percent believe oil and gas activity can continue if appropriate fiscal and regulatory conditions are maintained.
Nearly nine in ten said new licences should be issued only where operators can demonstrate lower emissions than imported alternatives and greater domestic economic value.
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