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So-so future for British North Sea![]() ![]() London (UPI) Jan 17, 2017 Oil and natural gas activity off the British coast should wax and wane in the short-term after one of the industry's worst years, Wood Mackenzie finds. Lower crude oil prices and an uncertain economic future in the wake of last year's vote to leave the European Union put the British offshore oil and gas industry in "full survival mode," according to a report from Wood Mackenzie. Fiona Legate, a senior analyst with the group, said in a statement that capital investments offshore last year ... read more |
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![]() After hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy. ... more ![]() ![]() The outlook for a sustained price point for crude oil prices in the mid-$50 range offset questions about OPEC commitments to send markets higher early Tuesday. ... more ![]() ![]() Africa-focused Tullow Oil said it plans more drilling after it made an oil discovery inland Kenya that's likely tied into existing hydrocarbon finds. ... more ![]() ![]() Total production of oil and gas in Norway dipped in December, though full-year output increased for the third year in a row, the government reported. ... more |
Previous Issues | Jan 17 | Jan 16 | Jan 13 | Jan 12 | Jan 11 |
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![]() Relief in the form of stagnant crude oil prices and a good outlook for the nation's refineries means U.S. gas prices edged a bit lower, a retail analysis found. ... more ![]() ![]() There's a significant resource base from African basins and new output is expected from operations closer to home in the North Sea, Cairn Energy said. ... more ![]() ![]() Canada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. ... more ![]() ![]() Parts of the shale basin in oil-rich Texas will be left behind in order to focus more on deepwater and other assets, Anadarko Petroleum announced. ... more ![]() ![]() Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said. ... more |
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![]() ![]() OPEC questions take wind out of oil rally's sails ![]() ![]() Colorado will continue its legacy as a model for how to strike the right balance between fossil fuels production and a clean economy, its governor said. ... more ![]() ![]() More than 7 million barrels of crude oil have been produced safely from the Kashagan oil field in Kazakhstan since September, the operator said. ... more |
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