OGJ Newsletter

GENERAL INTEREST — Quick Takes Outlook remains 'fragile' in UK upstream industry The outlook of the UK upstream oil and gas industry remained fragile in this year's second quarter, increasing modestly to 54 points from 51, according to Oil & Gas UK's latest business confidence index. "Across the operator community, confidence increased slightly from 46 to 48 points but this score still represents a negative outlook," said Ken Cruickshank, OGUK's supply chain manager. OGUK's index measures a number of economic indicators, including changes in business confidence, activity levels, business revenue, investment, and employment. The index gauges overall industry confidence on a 1...

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