UK Industrial Output Increased by Rise in Oil and Gas Extraction

 

The UK’s industrial sector has received a significant boost thanks to an increased output of oil, gas and manufacturing. The Yorkshire Post has reported that industrial output grew at its fastest rate in six months in March, after an unexpected bounce in oil and gas extraction.

Official data from the Office for National Statistics has showed that industrial output rose 0.5% in March, after creeping up by only 0.1% in February. This is the strongest growth since September, and has exceeded leading economists’ forecast of that it would remain the same.

Oil and Gas Extraction

Oil and gas extraction rose to 4.9%, which was its fastest rate since February 2014. Falling oil prices and rising production costs as North Sea oil gets scarcer had previously contributed to a general downward trend.

Britain’s economy grew by 2.8% in 2014, the fastest growth rate of any big advanced economy. It did lose pace in the first quarter of 2015 when total output rose by just 0.3%. However, recent data shows that manufacturing output rose by 0.4% after upwardly revised growth of 0.5% in February, which was slightly faster than expected.

Marine Corrosion Protection for the Oil and Gas Industry

Here at NiTEC UK, we carry out a significant amount of metal plating work for parts and components to be used in the oil and gas industries. A common requirement for plated components used in these industries is their ability to resist corrosion for a substantial amount of time, especially in subsea conditions.

Our commitment to research and development allowed us to create SeaTEC100, a metal coating that protects mild steel from salt spray corrosion and marine corrosion for an extensive period of time. SeaTEC 100 has been independently tested to withstand salt spray conditions for over 25,000 hours, a period of time that is unprecedented within the engineering industry.

Metal Plating for Oil and Gas Applications

We provide a range of metal finishing and metal plating services for both onshore and offshore oil and gas applications. For more information about corrosion resistant coatings, please call NiTEC UK on 0845 224 3571 or email info@nitec-enp.co.uk