... oil and gas, in addition to making the process safer and more environmental friendly. There is considerable attention being paid to the affect of oil exploration operations on the environment, and this will also determine the future of the industry. The three scenarios that can emerge for the industry mainly depend upon the oil and gas reserves left in the North Sea, the viability of their exploration and the development of alternative renewable energy sources. CONTENTS PAGE 1.0 Introduction 4 2.0 Political/Legal Factors 5 3.0 Economic Factors 6 4.0 Socio-Cultural Factors 7 5.0 Technological Factors 8 6.0 Ecological/Environmental Factors 9 7.0 Significant Issues/Trends in the UK Upstream Oil Industry 10 8.0 Scenarios for the UK Upstream Oil Industry 11 9.0 Conclusion 13 10.0 References 14 11.0 Bibliography 15 1. Introduction - PESTE Analysis of the UK Upstream Oil & Gas Industry What is a PESTE Analysis? PESTE shows which external factors are influencing a business or an industry, also measuring the market potential and situation. This report is to understand and assess the various determinates of the external environment that ...

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