- No deal Brexit and the UK oil and gas industry
- Original news:
- What is the likely impact to the oil and gas industry of a no deal Brexit? Which areas of the oil and gas business will likely be more affected and which ones will likely be less affected? Are there any potential upsides possible?
- Is a lack of supply (as predicted by the US Energy Information Administration (EIA) and backed by PricewaterhouseCoopers (PwC)) likely? Could Brexit exacerbate that?
- Data shows that investments in the oil and gas sector collapsed from 2014–15. Will Brexit further prevent and threaten the much-needed investment in the sector? Or will the recent increase in oil prices likely counteract any meaningful impact of Brexit?
Energy analysis: Selina Hinchliffe, partner, and Andrew Douglas, member of the energy sector team, from Browne Jacobson, consider the potential implications of a ‘no deal’ Brexit in relation to the oil and gas industry. The government has recently published guidance on this topic.
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