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W I R E L I N E
- I S S U E 2 6 W I N T E R 2 0 1 3 - 2 0 1 4
7. EY INVESTIGATES THE
SUPPLY CHAIN’S GROWTH
POTENTIAL
Appointed by Oil & Gas UK, EY is
undertaking further research into the
economic contribution of Britain’s
oil and gas supply chain – believed
presently to be worth £27 billion.
The study is a key deliverable for
the industry-government oil and gas
growth strategy launched in
March 2013.
The research will be used to develop
market intelligence reports on those
sub-sectors identified as offering high
growth, profitability and capability
for UK companies, and will give
government and industry an indication
of the opportunities available.
Business and energy minister Michael
Fallon MP says: “The UK’s oil and gas
supply chain is highly robust with the
potential to contribute significantly
to economic growth over the coming
decades. Gaining further insight into
its strengths and capabilities will only
help to…create new jobs, encourage
investment and increase exports.”
the chairman of the Oil and Gas
Industry Council, Gordon Ballard of
Schlumberger. For more information,
please contact Stephen Marcos Jones on
NEWS ROUND-UP
9. LONDON SEMINAR ON
ACCESS TO CAPITAL
The Access to Capital Seminar,
held on 29 November in London,
increased awareness of how to access
funding to help businesses succeed.
Attended by over 100 people, the
event was organised by Oil & Gas UK
in partnership with the Department
of Energy and Climate Change, the
Department for Business, Innovation
and Skills and PwC.
It featured a keynote address from business
and energy minister, Michael Fallon MP,
and explored the views of an independent
operator, SME and equity investor,
as well as addressing private equity
for oil and gas companies; sovereign
wealth funds and national oil companies;
corporate sources of finance;
and government finance initiatives.
The presentations are available to
8.
8. LABOUR MARKET
INTELLIGENCE PROJECT
UNDERWAY
Labour market intelligence (LMI)
is being gathered to help address
the sector’s demand for skilled
personnel and grow the talent pool.
Commissioned by the industry and
managed by OPITO, the project will
involve collating and analysing data
on skills, demographics, job roles and
anticipated future requirements in the
workforce. Findings will be published
in early 2014 and is one of the
deliverables of the industrial strategy
launched in March 2013.
For more information on the LMI project,
please email
9.
OIL & GAS UK
7.
Findings from the labour market
intelligence project will be shared
across the industry and with
education providers, government
agencies, other industry bodies and
stakeholders
Business and energy minister Michael Fallon MP at the Access to Capital Seminar
in London, organised as part of the industry-government industrial strategy
