‘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 […]

Oil has hit trough and will emerge from downturn

The falling oil market has reached a trough and will now slowly emerge from its downturn. A PwC report suggests that this is signalled by the oil price recovering slightly as supply and demand reach a natural balance. This initial resurgence in growth is expected to trigger more investment and broader activity in the sector. Whilst […]