Following the result of the general election, we can now expect to leave the EU at the end of January, although very little will change on that date as we will move into a transitional period when existing EU rules and trade terms continue to apply in the UK.
By Deirdre Michie, chief executive of Oil and Gas UK
Climate change and the energy transition have competed for media attention recently, pushing Brexit-focused news off the front page and giving us the ideal opportunity to highlight why our industry is going to be needed now more than ever.
Whilst we are seeing a clear uptick in activity and the UK oil and gas industry is certainly on the way up again, the industry must continue to move forward. However, under current market conditions, how can companies capitalise on change whilst remaining stable and sustainable and, more importantly, will there be enough return for all?
History is littered with examples of brands that have dominated their respective markets but, through a combination of lack of innovation, inefficient execution and focusing internally instead of on customers, have gone on to suffer a massive fall in market share against rivals.