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