The impact of the coronavirus pandemic on the Oil and Gas Sector and the North East economy

Stephen Sheal, Director of External Relationships at the Oil and Gas Technology Centre (OGTC), and Shane Taylor, Research and Policy Manager for Aberdeen and Grampian Chambers of Commerce (AGCC),  joins Stuart McIntyre and Mairi Spowage to discuss the impact of the coronavirus pandemic on the Oil and Gas Sector and the wider North East Economy. Stephen and Shane discuss how the industry is coping through the pandemic, how government policy measures are being received in the sector, and what the future shape of the North East economy could be.

Chair
Stuart McIntyre, Head of Research, Fraser of Allander Institute

Speakers
Stephen Sheal, Director of External Relationships at the Oil and Gas Technology Centre (OGTC)
Shane Taylor, Research and Policy Manager for Aberdeen and Grampian Chambers of Commerce (AGCC)
Mairi Spowage, Fraser of Allander Institute

Timestamps
(01:04) Reflections on the current crisis and the impact on the oil and gas sector.
(05:30) How was the sector coping before the pandemic?
(09:06) Resilience of the Oil and Gas Sector
(11:27) View of businesses towards the government policy response
(18:41) Gaps in support for businesses
(26:37) Government policy measures that would be welcomed by the sector
(32:26) Future strengths of the North East economy

Authors

The Fraser of Allander Institute (FAI) is a leading economy research institute based in the Department of Economics at the University of Strathclyde, Glasgow.

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