A lack of pace behind new energy projects, high taxes and a hostile environment for oil and gas companies have been highlighted as key concerns in the latest Energy Transition survey.
Produced by Aberdeen & Grampian Chamber of Commerce, alongside KPMG and ETZ, the biannual barometer shows business confidence in the UK Continental Shelf is at a near record low, falling from +36 points last April to -37 today.
At the same time, confidence in overseas work remains high, with the operators surveyed confirming that discretionary capital is now being diverted away from the UK.
