Gas – Reuters reported that Britain plans to create a new oil and gas regulator in order to help exploration companies in the United Kingdom "speed up their search" for the fuels. The move was prompted by "plunging North Sea production rates."
Articles Tagged "north sea"
Gas – Reuters reported that shares in Total SA (NYSE:TOT) rose more than two percent on the news that the company had plugged a well at its North Sea Elgin platform that had been leaking for seven weeks.
Gas – Bloomberg reported that yesterday Total SA (NYSE:TOT) stopped a gas leak in Nigeria and this week expects to halt a leak in the North Sea that began on March 25. There is not yet a date for when operations in Nigeria will restart.
Oil – Antrim Energy Inc. (TSX:AEN,AIM:AEY) announced drilling results from a sidetrack well in the North Sea next to the Erne discovery.
Oil – A significant find by home-grown Statoil could provide a spark for the flagging Norwegian oil industry.
Crude Investing News reports crude prices look brighter with the positive economic outlook. The oil market is bubbling over. Volatile at the best of times, the last year has been extraordinary even by those standards. When the price of crude came close to $150 a barrel, many thought the commodity was overpriced. And yet, some [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]