Oil and gas sector confidence remains “encouraging”

The upstream oil and gas industry is maintaining a "stable and positive" outlook, according to Oil and Gas UK's Business Confidence Index for the second quarter of 2012 released on Wednesday 22 August. The overall index increased by one point to 65--the highest since the series began almost four years ago. Oil and Gas UK supply chain director David Ripley said operators were "busy" with major projects, and had been "buoyed" by tax changes aimed to promote investment. There had also been "constructive dialogue" between the government and industry. But Ripley added contractors were becoming increasingly aware of the challenge of sourcing skilled personnel and equipment.
Oil and Gas UK