UK/IRELAND

PwC warns of UK triple-whammy

THE UK's oil and gas industry faces the risk of an economic "triple whammy" but can retrofit itself to handle a $US50/barrel oil price, and the future, with a more sustainable cost reduction strategy, according to PwC.

Anthony Barich

The biggest challenge PwC sees for the industry is halting a "knee jerk panic", turning negatives to positives for the long-term benefit of the wider industry. A PwC report said the UK oil and gas industry...

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