Oil and gas sector on ‘cusp of transformation’ into renewable
The UK oil and gas sector is on the “cusp of transformation” into renewables, according to a new report.
Aberdeen and Grampian Chamber of Commerce (AGCC) said 75% of contractors surveyed anticipated moving into renewables work over the next three to five years.
This is the highest level recorded since the question was first asked in 2015, the organisation said.
The findings came in the 33rd AGCC Oil and Gas Survey.
The previous survey, published in November, said the UK oil and gas sector was in “economic turmoil” amid the coronavirus pandemic with about a fifth of firms expecting more redundancies in 2021.
Survey: Nearly half of oil and gas firms see definite shift to renewables soon eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.
Oil and gas sector on cusp of transformation into renewables bbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.com Daily Mail and Mail on Sunday newspapers.