How will coronavirus affect the UK's oil and gas industry?

How will coronavirus affect the UK's oil and gas industry?

The oil and gas sector is wrestling with the dual shock of COVID-19 and substantial falls in the oil price, some of which predated the crisis. What are the implications for the industry - and for exploration and development activity in the UK continental shelf (UKCS)? Two recent studies of prospective long-term activity in the UKCS co-authored by Alex Kemp, Professor of Petroleum Economics and director of the Aberdeen Centre for Research in Energy Economics and Finance (ACREEF) provide significant insights on these questions.

The first of the two studies is titled ‘Prospects for Activity in the UK Continental Shelf: the Late 2019 Perspective’ and is freely available to download on the ACREEF website. This study indicates the perspective as seen in 2019. The second of the two studies is titled ‘Prospects for Activity in the UKCS after the Oil Price Collapse’ and is also freely available to download on the ACREEF website. This study gives the perspective in late April 2020. Both studies present financial simulations to assess the various risks related to future exploration activity, and to field production profiles and development costs for the many undeveloped discoveries as well as any future fields in the UKCS.

In an invited piece titled ‘How will coronavirus affect the UK’s oil and gas industry?’ which was published by Corona-Virus-And-The-Economy, Professor Kemp shares deep insights into how the COVID-19 pandemic will affect the UK’s oil and gas industry, including wider policy implications for the energy landscape.

Search News

Browse by Month

2020

  1. Jan
  2. Feb There are no items to show for February 2020
  3. Mar
  4. Apr
  5. May
  6. Jun There are no items to show for June 2020
  7. Jul
  8. Aug
  9. Sep
  10. Oct There are no items to show for October 2020
  11. Nov There are no items to show for November 2020
  12. Dec There are no items to show for December 2020

2019

  1. Jan
  2. Feb There are no items to show for February 2019
  3. Mar
  4. Apr
  5. May
  6. Jun
  7. Jul There are no items to show for July 2019
  8. Aug
  9. Sep There are no items to show for September 2019
  10. Oct
  11. Nov There are no items to show for November 2019
  12. Dec

2018

  1. Jan
  2. Feb
  3. Mar
  4. Apr
  5. May
  6. Jun
  7. Jul There are no items to show for July 2018
  8. Aug
  9. Sep
  10. Oct There are no items to show for October 2018
  11. Nov
  12. Dec

2016

  1. Jan
  2. Feb There are no items to show for February 2016
  3. Mar
  4. Apr There are no items to show for April 2016
  5. May There are no items to show for May 2016
  6. Jun There are no items to show for June 2016
  7. Jul
  8. Aug There are no items to show for August 2016
  9. Sep
  10. Oct
  11. Nov There are no items to show for November 2016
  12. Dec There are no items to show for December 2016

2015

  1. Jan
  2. Feb
  3. Mar
  4. Apr There are no items to show for April 2015
  5. May
  6. Jun
  7. Jul There are no items to show for July 2015
  8. Aug
  9. Sep
  10. Oct
  11. Nov
  12. Dec There are no items to show for December 2015

2014

  1. Jan There are no items to show for January 2014
  2. Feb There are no items to show for February 2014
  3. Mar
  4. Apr
  5. May
  6. Jun
  7. Jul There are no items to show for July 2014
  8. Aug There are no items to show for August 2014
  9. Sep
  10. Oct
  11. Nov
  12. Dec

2013

  1. Jan
  2. Feb There are no items to show for February 2013
  3. Mar There are no items to show for March 2013
  4. Apr There are no items to show for April 2013
  5. May There are no items to show for May 2013
  6. Jun
  7. Jul There are no items to show for July 2013
  8. Aug There are no items to show for August 2013
  9. Sep There are no items to show for September 2013
  10. Oct There are no items to show for October 2013
  11. Nov
  12. Dec

2012

  1. Jan There are no items to show for January 2012
  2. Feb There are no items to show for February 2012
  3. Mar There are no items to show for March 2012
  4. Apr There are no items to show for April 2012
  5. May There are no items to show for May 2012
  6. Jun
  7. Jul There are no items to show for July 2012
  8. Aug There are no items to show for August 2012
  9. Sep There are no items to show for September 2012
  10. Oct
  11. Nov There are no items to show for November 2012
  12. Dec