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Posts on ‘September 12th, 2018’

Shell country head warns UK against no-deal Brexit

  • Added Brexit costs “completely” wrong direction
  • Uncertainty puts industry at risk: OGUK
  • Shell UK head hails “revitalized” strategy

London — Shell on Tuesday joined calls by the oil and natural gas industry for the UK to avoid a “no-deal” Brexit, with Shell country head Sinead Lynch warning that added costs in the form of barriers to trade and movement of talent would be “completely the wrong direction” to go in.

Industry group Oil & Gas UK warned Tuesday that uncertainty surrounding UK withdrawal from the EU, due on March 29, 2019, risked damaging confidence and impeding the industry’s recovery. read more

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