Optimism returning to the North Sea

The price of a barrel of oil has been rising steadily in recent months.

Whilst prices have slipped back a little – in the light of OPEC’s apparent plan to relax their recent self-imposed constraints on supply – oil prices continue to hover close to their highest level in three years.

The recent increase has helped to provide a boost for contractors and operators in the North Sea.

You may have missed it over the last few days following the publication of a couple of other economic reports, but late last month we published the latest set of results in our joint survey with Aberdeen and Grampian Chamber of Commerce – sponsored by KPMG – which showed further signs of returning optimism in the sector.

In this blog, we discuss some of the key results and their potential implications for the wider Scottish economy and the growth outlook for 2018.Continue reading

June 6, 2018

A renewable future from oil and gas?

Grant Allan and Eleanor Malloy

Fraser of Allander Institute

Are oil and gas firms seeing opportunities in renewables? In this blog, we examine the responses from our latest Oil and Gas Survey, produced along with Aberdeen and Grampian Chamber of Commerce.

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July 6, 2017

Latest Royal Bank of Scotland Scottish Business Monitor Results

Today we published our latest Scottish Business Monitor with the Royal Bank of Scotland.

The results cover the 2nd quarter of 2017 and are therefore a helpful up-to-date indicator of economic trends in Scotland. Overall, the results suggest that the Scottish economy grew in the 3-months up to the end of June, albeit at a fragile pace.

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July 3, 2017

Fraser of Allander Business Survey: First Reactions to EU Referendum Outcome

Fraser of Allander Institute, University of Strathclyde

To help obtain a picture of how businesses are reacting to the decision to leave the EU, we undertook a survey of Scottish companies to gauge their initial assessment of what the outcome means for them and their future plans.

The survey was conducted between Monday 5 July and Tuesday 12 July and covered more than 320 firms. It is – to our knowledge – the first post-referendum survey in Scotland of business sentiment.

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July 15, 2016