‘Only way is up for oil and gas’

The downturn in the oil and gas sector on the UK Continental Shelf (UKCS) has bottomed out and will now improve. That’s the suggestion from the Aberdeen and Grampian Chamber of Commerce, the Fraser of Allander Institute and KPMG, which conducted a survey of 95 businesses across the sector to see what they expected to […]

‘Appetite for oil and gas mergers rising’

The appetite for mergers and acquisitions (M&A) in the oil and gas sector is rising as optimism swells. That’s according to a new report from EY, which suggests confidence is reaching an all-time high since records began eight years ago, with 69% of executives expecting to actively pursue an acquisition in the next year. This […]

Energy industry ‘requires new policy framework’

The energy industry requires a new policy framework based on clear objectives and a simpler structure. That’s according to EY’s Chief Economist, Mark Gregory, who suggested this is necessary after the slowing economy, the EU Referendum and a shift in public mood have reduced business confidence, scared investors and seen the value of the pound […]

Oil and gas industry confidence rises from historic lows

Confidence in the oil and gas industry has risen from the historic lows surveyed six months ago. That’s according to the findings of the Aberdeen & Grampian Chamber of Commerce’s 26th Oil and Gas survey, which reveals 38% of the sector’s contractors are now more confident about business on the UK Continental Shelf (UKCS), compared to […]

Energy efficiency projects rise with UK growth

An increase in energy efficiency projects commissioned in the last quarter of 2016 reflects the UK’s strengthening economic growth. That’s according to a new report from EEVS Insight and Bloomberg New Energy Finance, whose survey of 68 UK-based energy efficiency professionals reveals 80% of them commissioned energy efficiency projects during that period compared to just […]

Energy efficiency suppliers ‘shaken after Brexit’

The energy efficiency sector has seen supplier confidence continue to fall following Brexit. A new UK Energy Efficiency Trends report, which takes into account trends in supplier order books, staffing, sale prices and government action, reveals supplier confidence dropped 21 points in the first quarter of 2016. It fell below zero for the first time since the […]

Oil and gas execs’ confidence in economy wilts

The buoyant mood of senior oil and gas execs about the global economy improving has wilted, going by new research from EY. The analysts’ bi-annual Capital Confidence Barometer found oil and gas executives are more cautious than ever before. Andy Brogan, EY’s Global Leader for Oil and Gas Transaction Advisory Services said: “A conservative view […]

Power and utility execs think economy is on the up

Confidence in the global economy has hit a two-year high among power and utility company executives, according a new survey released by accounting firm EY. In its annual Capital Confidence Barometer, 90% of the executives surveyed thought the world’s economy was stable and 67% thought it would improve over the next year. The majority (58%) […]

Businesses must be confident in their supplier says CNG

Businesses must be confident in their gas or electricity supplier – and part of a supplier’s job is to help them see past “myths” about technology. That’s according to gas company CNG which believes energy companies have a role in helping build stronger, more sustainable businesses. The comments come at a time when energy price […]

Energy now biggest infrastructure concern for UK businesses

Energy has overtaken transport as the biggest infrastructure concern for British businesses, according to a survey commissioned by the Confederation of British Industry (CBI). The poll of more than 500 business leaders found 77% lacked confidence that energy infrastructure would improve in the next five years, a higher number than for transport, water, waste or […]