Energy industry at ‘crossroads’ as experts call for ‘orderly transition’ to save jobs and tax revenues

The energy sector is at a "crossroads" on what its future will look like, the author of a new study on the industry has said.

Analysis by the University of Strathclyde found the UK's energy sector is at a critical turning point, with a deteriorating investment environment putting jobs, tax revenues and regional economies at risk.

The research looked at the current environment, where workers are increasingly being deployed overseas to work on projects in more favourable regimes.

It said this could have implications for the economy for the next 25 years.

Working with scenario data from the Energy Transition Institute at Robert Gordon University, the research compared two possible paths for the UK's oil and gas sector over the next decade.

The two paths could be a "managed decline" or an