Opinion

Opinion

The myths of ‘jobs joy’

WHENEVER I see the words "jobs joy" in a headline, I skip the first six paragraphs in order to search for the nitty-gritty. Does the project exist or is it proposed? Therein sits a crucial world of difference.

Opinion

Making sense of the North Sea’s future

WHEN we at Oil & Gas UK recently published our 2011 Economic Report, we highlighted some pretty positive findings: increasing investment, a flourishing supply chain, a massive economic contribution and a bright future ahead with considerable reserves remaining to be extracted.

Opinion

Alarming decline in UKCS production

25/10/2011

THE latest UKCS oil and production statistics from the Department of Energy and Climate Change (DECC) show big falls. June's output averaged 946,982 barrels per day, which was down 12.4% on June 2010. Gas averaged 4,004million (4billion) cu.ft, down 26.5% year on year.

Opinion

The Good, the Bad and the Indifferent

IN 1966, Sergio Leone directed Clint Eastwood in The Good the Bad and the Ugly. In recent months, three FTSE100 listed E&P companies have re-written the script, issuing drilling updates which have been received in the market as "the good, the bad and the indifferent".