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PESTE analysis of the UK UPSTREAM oil and gas industry
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| Submitted: Fri Jan 28 2005
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PgDip/MSc OPERATIONS AND SERVICES MANAGEMENT BUSINESS ENVIRONMENT PESTE ANALYSIS OF THE UK UPSTREAM OIL AND GAS INDUSTRY Prepared by George Gourlay Date: 16 February 2004 Executive Summary With this report is a PESTE Analysis of The Upstream Oil and Gas Industry in the United Kingdom. An analysis of the factors affecting the industry shows that it operates under legal, fiscal and environmental regulations where prices are determined by international organisations like the Organisation of Petroleum Exporting Countries (OPEC) and the Organisation of Economic Cooperation and Development (OECD). The Upstream Oil and Gas Industry in the United Kingdom is a mature one, and after 40 years of offshore exploration, the country remains self sufficient in oil and gas. This is an important sector for the UK, supplying the majority of the country's energy needs, and virtually all the country's transport fuel. Economic factors that affect the industry are oil demand, price, production, investment and employment. Awareness of...
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