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Watcing The World: Will UK’s Brown act swiftly?

07/06/2009
British Prime Minister Gordon Brown, as we have said before, has very rarely been viewed as a friend of the oil and gas industry. But the time has come for that to change.According to reports coming our way, Brown has not done enough to encourage investment in the country’s offshore oil and gas sector, with the result that thousands of jobs could be at risk.In fact, Parliament members issued a report last week warning that urgent government action is needed to prevent a decline in North Sea oil and gas revenue that could lead to the loss of 50,000 jobs.“The difficulties currently faced by oil and gas companies in accessing affordable lending and the bleak prospects this herald...
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