Energy is of critical importance to the infrastructure and maintenance of societies across the world.
The industry is made up of a collection of sectors including petroleum, natural gas, electric, coal, nuclear, renewables and traditional energy. Widespread demand continues to allow competition amongst providers and aligned ancillary service providers. The UK sector has a significant retail energy market with a number of large multinationals dominating this market. Additionally, the offshore oil and gas industry – particularly in the North Sea – is a key economic powerhouse in terms of the entire UK economy.
Recent times have seen significant falls in oil prices, impacting on energy businesses, and political scuffles and conflict around the globe continue to threaten energy security for the UK and other countries – the constant erosion of relations between Russia and the West and the rise of Islamic State in the Middle East, for example.