Deirdre Michie, Oil & Gas UK’s chief executive, said:
“It is heartening to see that as the industry continues to tackle the downturn by focusing on improving its competitiveness, confidence in some companies is rising. This mood of cautious optimism was evident at our Oil and Gas Industry conference where we reinforced that it’s our own actions that will play a key part in getting us through this lower for longer reality, and we are seeing great examples of companies working differently to improve cost and efficiency.”