Page last updated at 12:25 GMT, Monday, 23 November 2009

Oil and gas industry confidence 'rising'

Offshore platform
The survey said job expectations varied with operators and contractors

Confidence in the oil and gas industry is rising, according to a new survey by the Aberdeen and Grampian Chamber of Commerce (AGCC).

The study said contracting firms were increasingly optimistic about international markets.

However, confidence in the North Sea remained frail.

The chamber warned that while exporting skills and products was good, government must encourage firms to remain rooted in the UK.

The survey said the majority of operators expected to reduce staff over the next three years, but in contrast half of contractors expected to increase staff.

AGCC chief executive Robert Collier said: "The change in business confidence is more marked in the international context."

The survey followed an Ernst and Young report highlighting how rising oil prices were aiding the energy industry.



Print Sponsor


SEE ALSO
Oil and gas companies 'recover'
21 Nov 09 |  Scotland
Oil hits new 2009 high above $77
15 Oct 09 |  Business
Commons to debate offshore safety
13 Oct 09 |  North East/N Isles
Offshore safety concerns raised
10 Sep 09 |  North East/N Isles
Thousands attend Offshore Europe
07 Sep 09 |  North East/N Isles
Energy firm moves focus offshore
07 Sep 09 |  Scotland

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific