The UK is expected to benefit from an increase in North Sea investment as oil and gas companies will spend at least £13 billion in 2013. What is interesting is the fact that 2013 North Sea spending is estimated to reach its highest level in 30 years. The Oil & Gas UK, which is the industry trade body, also informed that companies would invest up to £100 billion in UK waters, which would have an immense impact on the economy.
Optimizing Increased Recovery An international energy company with operations in 34 countries, Statoil is founded on more than 35 years of experience from oil and gas production on the Norwegian Continental Shelf, and is committed to accommodating the world’s energy needs in a responsible manner, applying technology and creating innovative business solutions. Headquartered in Norway, [...]
In a major attempt to focus on operations in the central and northern parts of the oil-rich region, British Petroleum has announced plans to sell its stakes in gas fields in the southern North Sea. The North Sea assets up for sale include Mercury, Ravenspurn North and South, and the Amethyst fields. BP’s interest in the [...]