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UK: Deloitte comments on Oil and Gas UK’s Business Outlook 2021
16 Mar 2021
Deloitte in Aberdeen, comments on
Business Outlook 2021, published today. Today’s report is a clear account of the challenges and opportunities facing the oil and gas sector, as firms shift their mindset towards recovery. While the industry is used to the highs and lows of economic and price cycles, the last twelve months have been like nothing ever seen before. Firms have been in survival mode, responding to both the downturn in oil price and the difficulties associated with COVID-19. However, the pandemic has also turned into a fast-forward scenario for the industry, which brings with it a number of opportunities, and it is vital to capitalise on this. Pivoting towards a new energy future remains key, and the sector has a critical role to play, working with the UK and Scottish Governments to help build a sustainable recovery on the road to net zero. The UKCS also remains an attractive asset
UK: Oil & gas industry needs to ‘reimagine’ its business and models to maximise energy transition opportunities
28 Jan 2021
Enhancing collaborative culture within the offshore oil and gas industry is not only key to maximising the potential of its existing world class supply chain but could also unlock future activity in the UK Continental Shelf (UKCS) and be key to delivering a successful Net-Zero future.
Improving commercial models which support cost reduction whilst incentivising the supply chain could re-energise collaboration, according to the findings of the annual Deloitte and OGUK Collaboration Report, published today (January 28).
Deloitte and OGUK’s industry-wide Collaboration Index (CI), which measures the effectiveness of companies as partners in projects, is part of the annual UKCS upstream supply chain collaboration survey. The report showed a slight increase in the collaboration index to 7.1 in 2020 from 7.0 in 2019, highlighting the flexibility and support t
i-Images/ Pool
A global pandemic has not stopped Queen Elizabeth II from keeping in touch with her people.
Once again, The Queen had a digital visit. This time with KPMG, an accounting firm celebrating its 150th anniversary. From Windsor Castle, she heard the stories of four employees from across the UK. She also got a touch of the holiday season as they serenaded Her Majesty with a pre-recorded performance of “We Wish You Merry Christmas.”
The Queen and Prince Philip are spending the holidays at Windsor Castle, instead of going to their usual destination, Sandringham. She commented on the positive aspect of technology: “It is difficult when people are used to being so close to each other, and everybody’s been divided up so much. Well thank goodness for technology, so one can still do this.”
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