SNP Shoots Down Suggestions it is Embarrassed by North Sea Revenue Drop
The Scottish National Party has shot down suggestions that it hasn’t published an analysis of the oil and gas industry for over a year because it is embarrassed about the collapse in North Sea revenues.
“As the first minister has already indicated, the Oil and Gas Analytical Bulletin will be published in due course,” a spokesman for the Scottish Government said in a comment sent to Rigzone.
“In addition, the Scottish Government publishes a number of other publications – including Oil and Gas Production Statistics and Energy in Scotland 2017 – which provide detailed statistics and analysis of the oil and gas industry and wider energy sector,” the spokesperson added.
In November 2016, PwC released a report which highlighted that the past two years have been a “torrid” time for the North Sea oil and gas industry.
The report did state however that there is a growing confidence that the sector has seen the worst of the current market downturn and suggested that there now appears to be light at the end of the tunnel, with supply and demand seeking a gradual equilibrium.
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