logo new

Why choose JORDAN PRESSURE REGULATOR

Outstanding product performance, long trim life and accuracy, Jorcote seat coating (temperature rated up to 550°F) suitable for liquid, gases and especially stream applications

Various ranges of size (1/4”- 4” DN8-DN100), Varies end connections, C/S – S/S standard with Exotic Alloy materials available

JPR1

 

RAPID DELIVERY within 2 weeks or sooner

Minimum maintenance and quiet operation typically 5-10db

Government reaffirms commitment to Gas and Oil sector

During a recent visit to Aberdeen, the Prime Minister David Cameron has again made clear his government’s commitment to the UK gas and oil sector, with the announcement of an action plan to build a stronger future for the industry.

As well as the action plan there is to be a 1.3 billion package of tax measures for the gas and oil sector to help the UK industry to stay competitive. A number of other steps have been introduced, which include the announcement of £20 million in funding to allow for additional seismic exploration; this will help the gas and oil industry to find potential new sources of reserves.

In addition, a new Gas and Oil Ambassador is to be appointed to enable UK companies to better market their services overseas. The Ambassador will be responsible for promoting the North Sea to countries around the globe and for increasing investment; an export target for the gas and oil industry will also be set.

Commenting on the announcement by the Prime Minister, Amber Rudd, the Secretary of State for Energy and Climate Change said:

“We’re stepping in to provide the extra support needed now with £20m of funding for seismic exploration to help industry find new oil and gas reserves. But we’re also determined to build a bridge to the future and make sure the expertise we hold in areas such as decommissioning can become a UK success story, boosting our economy, supporting jobs and creating more financial security for families.”

“Work to be Done”

While the decision to invest more into seismic exploration and the further government announcements were welcomed by Oil and Gas UK, its Chief Executive Deidre Michie added that there was still more work to be done if the United Kingdom was to become “the most attractive, mature oil and gas province in the world to do business in”.

Michie also stated that the sector needed to do more to reduce inefficiencies and costs, and said that fiscal and regulatory measures would be necessary to help transform the sector and make it more attractive to global investors.

The Oil and Gas Chief Executive went on to say:

“The 2016 Budget needs to deliver an effective package of measures to help extend late life operations and asset trading, promote exploration and boost investment. In line with HM Treasury’s own strategy of continued fiscal reform, steps should also be taken in the Budget to deliver a further permanent cut in the headline tax rate.”

Orders stabilise for SMEs

The latest figures from the CBI shows that orders for small and medium manufacturers stabilised over the last quarter, and SMEs say they have a greater optimism regarding export orders as the year develops.

However, the survey of 426 companies showed that orders were flat during the last quarter; there was also a fall in export orders, and a significant reduction in export prices, but it is predicted that domestic orders and exports will grow in the near future.

Despite this, the companies surveyed expect to spend more on training and investment throughout the next 12 months, and employment growth is steady.  The CBI SME Trends Survey also indicates that manufacturers intend to invest more in product innovation and training.

Commenting on the survey, CBI Director Rain Newton-Smith said:

“It’s encouraging to see smaller manufacturers’ optimism and orders stabilising, although the picture remains fairly flat across the board with many firms treading water.

“But there are expectations that domestic orders and exports growth will pick up in the next quarter and many smaller manufacturing firms also plan to invest more in their staff training.”

Key Statistics

The key statistics show that 24% of SMEs report a greater optimism, while 25% were less so; 30% of firms reported an improved output, while 23 % noted a fall. In addition, 21% of SMEs reported an increase in export orders, while 25% stated there was a decrease.

UK Economic Growth

Looking at the wider picture, there was a weakening of economic growth in the last quarter according to the 759 manufacturing, retail and services companies surveyed as part of the CBI Growth Indicator.

Rain Newton-Smith stated:

“Manufacturing and business and professional services have struggled to make a mark, but a healthier picture can be seen in the household-focused consumer services and retail sectors.”

Government initiatives and the future of manufacturing

While manufacturing struggles to gain momentum, there have been a number of government innovations to help improve the fortunes of the sector, including research and development tax credits.

However, a recent survey from the EEF showed that 60% manufacturers felt the government could do more to improve business access to scientific research, and while the introduction of Catapult centres, which aim to enhance access to research and development facilities for the sector have proven popular, the majority of manufacturers (69%) feel the government could do more when it comes to commercialising technology.

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of this site have already been set. To find out more about the cookies we use and how to delete them, see our privacy policy.

  I accept cookies from this site.
EU Cookie Directive Module Information