From Insider today:
‘Wood continues to see oil and gas green shoots. Aberdeen-based group’s trading update says North Sea activity expected to strengthen in second half of the year. Wood, the Aberdeen-based energy services group, today said it is continuing to see early signs of recovery in its core oil & gas market.’
https://www.insider.co.uk/company-results-forecasts/wood-continues-see-oil-gas-12809891
It’s an astonishingly late and tentative assessment. Are they worried the Treasury might want to tax them? Prices are rocketing and exploration has been increasing since last year. See these from just this year:
‘Treasure trove’ of new oil and gas exploration data released
Mr Burns lookalike toasts North Sea’s ‘second ‘excellent’ coming’
Multi-million-barrel oil discovery in North Sea
One thought on “Wood can’t see the green shoots (of oil recovery) for the trees?”