Fast-track industry forum
9th August 2016 | Commercial Energy
The new Secretary of State for Business, Energy and Industrial Strategy agreed to a fast-track industry forum as the sector battles its most prolonged downturn to date. Greg Clark MP flew up to Aberdeen, just a couple of weeks after taking up his new post, whereas his predecessor, Amber Rudd, took more than a year to visit the oil hub.
Mr Clark agreed to Oil & Gas UK’s CEO Deirdre Michie’s plea to bring forward the date of the next MER UK Forum. According to Michie, Clark sees the oil and gas sector as strategically important for the UK and that it needs to be at the heart of the Government’s new industrial strategy.
Although progress has been made, there are still very real challenges being faced. Michie said that the regulator and industry need to come together to make strategic interventions which will unlock investment and stimulate activity for the longer term: making the correct interventions now will help the industry can continue to play a critical role in meeting the UK’s energy needs, support hundreds of thousands of jobs and ensure the world-leading expertise which the sector possesses are not lost.
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