MENU
Your location:

The Triple Challenge Facing Britain's Oil and Gas Sector

Britain’s oil and gas industry contributes about £24 billion in Gross Value Added to the economy and employs approximately 240,000 people directly and within the wider supply chain. Oil and gas, which supplies more than 70% of the UK’s total primary energy, is evidently still an important sector for the UK. However, in many respects, the industry is in long term decline. Production, revenues and its contribution to GDP have all fallen. The sector now faces three immediate challenges to its success: a rising cost base, the impact of the sharp decline in prices and a burdensome fiscal regime.

Continue reading...

Adam Memon, Angeliki Terpou & Tim Knox - Tuesday 5th May 2015

Adam joined the Centre for Policy Studies as Head of Economic Research in January 2014. 

Adam joined the Centre for Policy Studies as Head of Economic Research in January 2014. 

Angeliki Terpou is an energy economist and the author of ‘Britain’s deteriorating energy security and why we must frack’.

Tim Knox was Director of the CPS from 2011-2017. Before he was Director, Tim was the Editor at the CPS - a position in which he was responsible for publishing papers by every Conservative leader since Mrs Thatcher as well as by hundreds of leading academics and opinion formers.