New study predicts greater energy efficiency as global economy grows
A new report has found a link between economic growth and greater energy efficiency.
PwC
North Sea operators stockpiling vital kit ahead of Brexit, say PwC
The U.K. will leave the European Union on March 29 and so far there’s no agreement to replace the rules and regulations that govern vital trade between Britain and the rest of the world. If a no-deal happens, here’s what it could mean for the country’s energy industry.
PwC to hire 120 new staff this year
Global professional services giant PwC is embarking on its largest ever recruitment drive in Scotland.
Energy firm Yu appoints experts to look into accounting irregularities
Gas and electricity supplier Yu Group has appointed PwC and DLA Piper to examine its books after the firm uncovered accounting irregularities.
Drones could bring £42bn boost to UK economy
A rise in drone usage in the oil and gas industry and in Scotland’s farming industry could help to deliver a £42 billion boost to the UK economy by 2013, a new report has forecast.
Figures confirm Aberdeen hotels still feeling oil downturn
New figures from PwC reinforce other recent data highlighting the woes of hotels in Aberdeen during 2017.
Energy use up as ‘beast from the east’ knocks UK economic growth
Bad weather over the first quarter is likely to have knocked economic growth to its lowest level in a year, according to PwC.
PwC in virtual reality roll-out
A professional services firm’s virtual reality (VR) “experience” that was piloted in Scotland’s oil and gas sector, among other industries, is to be rolled out to clients across the UK.Showcased as part of PwC’s Oil and Gas Technology Roadshow late last year, the technology is being used to highlight potential “disruptors” and give companies a better idea of workplace organisational planning.
Tech benefits ‘potentially enormous’ for North Sea, PwC says
PwC’s UK energy leader has high hopes for the next wave of technology as it breaks on the North Sea offshore sector.
VIDEO: Oil and gas market ‘well positioned for good future’, say PWC
In a newly released video from PWC, Drew Stevenson, Adrian Del Maestro and Neil Leppard discussed the recent M&A environment and trends and alluded to a potential upsurge in fortunes for the oil and gas market.
Brexit having negative impact on economy
Brexit uncertainty is having a negative impact on economic growth and the housing market, according to a new report.
UK economy on course for even deeper slowdown
The UK economy is on course for an even deeper slowdown as consumer spending and business investment take a hit from uncertainty surrounding the Brexit negotiations, new research has found.
Move over economic experts – the robots are coming
Could robots do a better job of forecasting the direction of the economy?
PWC chairman says companies ‘watching carefully’ amid election ‘uncertainty’
The global chairman of PwC has warned that uncertainty around Thursday’s election is weighing on the minds of businesses which are preparing for the unexpected after Brexit and the US presidential vote.
North-east MSP believes ‘worst of the downturn could be over’ for oil firms
Green shoots of recovery are springing in the oil and gas industry, according to Scottish Conservative energy spokesman Alexander Burnett.
Hammond ‘must act’ amid North Sea storm
The Scottish Government has urged Westminster ministers to take “urgent” action to boost the oil and gas industry in the wake of a troubling report into the future of the North Sea.
OGUK says industry more competitive, but still needs Treasury backing
The head of Oil and Gas UK (OGUK) said today that North Sea industry is more competitive than it was two years ago, at the start of the crude price collapse.
SNP call for action in Autumn Statement to support North Sea
The SNP have called on the UK Government to take urgent measures to help protect the North Sea oil and gas industry in the forthcoming Autumn Statement.
Growing confidence in the oil field – is the worst over?
A new report on the oil and gas industry has said the worst is “perhaps” over as it highlights ways large companies in the sector can take advantage of “green shoots of recovery”.
Oil company boss blames bank restructuring division for collapse
A north-east oil chief has revealed how his business was allegedly ruined by the “dash for cash” scandal at the Royal Bank of Scotland (RBS) which emerged this week.
OGUK 2016: Compromise key for North Sea future, industry expert says
Oil and gas majors must compromise to deliver an upturn in the sector’s fortunes, an industry analyst said yesterday. Stephen Halliday, group president of consultancy group Wood Mackenzie, said the energy industry was competitive by nature and that for serious progress to be made, the sector’s leadership had to get in a room together and collaborate. It comes days after PwC published a report saying the industry needed a “change in guard at the top” to disrupt its “we’ve always done it this way” mentality.
PwC backs OGUK’s call for sweeping tax changes
PwC today echoed Oil and Gas UK's call for sweeping tax changes for the industry.
M&A activity grows, set to continue in 2016
Worldwide M&A activity in the power and renewable sector almost doubled last year, according to a new report. PwC’s annual findings show momentum is expected to continue throughout 2016.
Experts lower their expectation for Scottish growth on lower oil price
An ailing oil and gas industry has forced experts to lower their expectations for economic growth across the whole of Scotland during 2015. Brian Ashcroft, emeritus professor of economics at Strathclyde University said yesterday the downturn offshore was stifling onshore service businesses throughout the country. He was speaking after the university’s Fraser of Allander Institute – an economic think-tank – delivered its latest commentary on the state of Scotland’s finances.
PwC says UK oil and gas firms have £20billion investment reservoir to exploit
UK Oil & Gas firms can access a £20bn cash reservoir by tightening up working capital according to financial services giant PwC.