OGUK says industry ‘at a critical juncture’ after EU vote

Responding to the UK vote to leave the European Union, Oil & Gas UK said the offshore oil and gas industry is “at a critical juncture.” In a statement issued June 24, the trade association said, “We need to ensure the UK Continental Shelf continues to attract investment and be seen as a great place to do business.”

OGUK said it had been neutral throughout the referendum campaign and respects the democratic decision of the UK people.

“We hope that all those involved will now come together and work constructively to make this transition as smooth as possible and we ask that the UK government clearly outlines the process which will follow to minimize any potential period of uncertainty.

“We will be consulting closely with our members in the coming weeks and look forward to engaging with all governments to play our part in this process.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...