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energy sector

Middle East

Middle East could become “vital” to Scottish energy sector

Scotland-based energy firms will expect the Middle East to become vital to their operations in terms of market share over the next few years, according to a professional services firm. KPMG surveyed more than 30 senior executives from oilfield services and energy-focused technology businesses at a seminar in Aberdeen last week which highlighted business opportunities and risks in the region. The Middle East represents an enormous market for UK-based businesses in the industry with opportunities spanning oil and gas, power generation and renewables.

Europe

Quakes force Dutch lawmakers to cut gas production

Dutch communities rattled by earthquakes are upending Europe’s energy market. Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by oil and gas majors Royal Dutch Shell and ExxonMobil has triggered 196 earthquakes since 2013, damaging buildings and making home sales difficult.

Oil & Gas

George Osborne urged to help energy industry in March budget

The Chancellor has been urged to help energy intensive industries in the upcoming Budget. The manufacturers organisation EEF is pressing George Osborne to avoid a pre-election “giveaway” in the upcoming Budget and instead focus on boosting economic growth.