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<blockquote data-quote="ollie989898" data-source="post: 6521194" data-attributes="member: 54866"><p>[URL unfurl="true"]https://www.offshore-technology.com/features/brexit-impact-oil-gas-sector/[/URL]</p><p></p><p><span style="font-size: 22px"><strong><em>Brexit impact on oil and gas sector: How has the industry reacted?</em></strong></span></p><p><em>Despite the potential negative impacts of Brexit on the oil and gas industry, many companies and institutions are optimistic about the oil and gas industry post-Brexit.</em></p><p><em><a href="https://www.offshore-technology.com/news/equinor-ukcs-oil-and-gas-brexit/" target="_blank">In December 2018</a> Norwegian oil company Equinor announced its commitment to developing oil and gas projects on the UK Continental Shelf (UKCS) despite Brexit, with plans to drill three wells in the shelf over 2019.</em></p><p><em>Equinor executive vice-president for strategy Al Cook said: “We are putting more investments into the UK despite Brexit, the perception of North Sea as being very mature and dying and oil price gyrations. We want to make the most out of UK’s common geology with Norway.”</em></p><p><em>The UKCS is <a href="https://www.offshore-technology.com/features/proceed-caution-ukcs-efficient-ever/" target="_blank">a site of great interest</a> for oil and gas companies despite Brexit, with a number of exploration, production and <a href="https://www.offshore-technology.com/news/oil-gas-ukcs-decommissioning-company/" target="_blank">decommissioning</a> projects being planned in the area in recent years.</em></p><p><em>The UK government’s control of its energy policy and the UK oil and gas market is also expected to mitigate some of Brexit’s impact. In a statement released <a href="https://www.offshore-technology.com/news/uk-oil-and-gas-firms-brexit/" target="_blank">in September 2018</a>, the UK government said: “The established regime for hydrocarbon licensing and environmental issues will continue to operate…UK and EU businesses will not be required to take any action.</em></p></blockquote><p></p>
[QUOTE="ollie989898, post: 6521194, member: 54866"] [URL unfurl="true"]https://www.offshore-technology.com/features/brexit-impact-oil-gas-sector/[/URL] [SIZE=6][B][I]Brexit impact on oil and gas sector: How has the industry reacted?[/I][/B][/SIZE] [I]Despite the potential negative impacts of Brexit on the oil and gas industry, many companies and institutions are optimistic about the oil and gas industry post-Brexit. [URL='https://www.offshore-technology.com/news/equinor-ukcs-oil-and-gas-brexit/']In December 2018[/URL] Norwegian oil company Equinor announced its commitment to developing oil and gas projects on the UK Continental Shelf (UKCS) despite Brexit, with plans to drill three wells in the shelf over 2019. Equinor executive vice-president for strategy Al Cook said: “We are putting more investments into the UK despite Brexit, the perception of North Sea as being very mature and dying and oil price gyrations. We want to make the most out of UK’s common geology with Norway.” The UKCS is [URL='https://www.offshore-technology.com/features/proceed-caution-ukcs-efficient-ever/']a site of great interest[/URL] for oil and gas companies despite Brexit, with a number of exploration, production and [URL='https://www.offshore-technology.com/news/oil-gas-ukcs-decommissioning-company/']decommissioning[/URL] projects being planned in the area in recent years. The UK government’s control of its energy policy and the UK oil and gas market is also expected to mitigate some of Brexit’s impact. In a statement released [URL='https://www.offshore-technology.com/news/uk-oil-and-gas-firms-brexit/']in September 2018[/URL], the UK government said: “The established regime for hydrocarbon licensing and environmental issues will continue to operate…UK and EU businesses will not be required to take any action.[/I] [/QUOTE]
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