With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding the future of the nation’s offshore energy supply chain, spanning oil, gas, renewables, hydrogen, and carbon capture and storage (CCS), as it is at risk of moving overseas to bolster its economic standing and unlock further growth.
Key takeaways: