RECOVERY UNDERWAY? AN EXECUTIVE REVIEW OF Q2 IN THE OIL AND GAS INDUSTRY

Despite the hangover from a falling oil price in autumn 2014, the state of the oil and gas industry has been recorded as being ‘positive’ for the first time in 12 months.

According to the Oil & Gas UK Business Sentiment Index (BSI), respondents scored Q2 -27 on a scale of -50/+50 which marked a four point increase from the first quarter (-31). The index took into consideration a number of indicators including business confidence, business revenue, levels of activity, investment and employment too.

 

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