UK is effectively slowing down investment and bringing energy industry to a standstill, says Enquest CEO

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UK is effectively slowing down investment and bringing energy industry to a standstill, says Enquest CEO

//business-finance.news-articles.net/content/202 .. y-industry-to-a-standstill-says-enquest-ceo.html

Published in Business and Finance on Friday, January 24th 2025 at 5:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Amjad Bseisu, CEO of Enquest, discusses the contrasting energy industries in the U.S. and the U.K. and expanding the firm's business to Asia.

- Click to Lock Slider

The article from MSN Money discusses comments made by Amjad Bseisu, the CEO of EnQuest, regarding the UK's energy policy. Bseisu criticizes the UK government for what he perceives as a lack of support for the energy sector, particularly in terms of investment and policy stability. He argues that the UK's current approach, including windfall taxes and regulatory hurdles, is deterring investment in the North Sea oil and gas industry, effectively slowing down development and bringing the industry to a standstill. This, he claims, not only affects the energy sector but also has broader implications for energy security and economic growth in the UK. Bseisu calls for a more balanced and supportive policy framework that would encourage investment and ensure the sustainable development of the UK's energy resources.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/uk-is-effectively-slowing-down-investment-and-bringing-energy-industry-to-a-standstill-says-enquest-ceo/vi-AA1xIIsN ]

N※N

UK is effectively slowing down investment and bringing energy industry to a standstill, says Enquest CEO