UK Government’s positive effect on oil and gas investment levels
A study of North sea oil and gas operators published by Aberdeen and Grampian Chamber of Commerce in tandem with Strathclyde University’s Fraser of Allander Institute has recently been released.
The study has shown that investment within the industry has hit a record high thanks to greater certainty over taxes. The study has also revealed indecision over next years referendum for Scottish independence due to lack of clarity over regulatory, taxation and policy changes.
North sea oil and gas operators reported more activity than ever last year, with 60% of respondents anticipating a further increase in the year to come. Influencing this is the UK government with two-in-five firms saying that budget decisions made by the UK Government were having a positive influence on investment levels.
Read the full story here: The Courier – Investment in the Oil and Gas sector hits a record high