Decommissioning industry body Decom North Sea has welcomed Chancellor George Osborne's 2012 Budget saying it would bring new jobs and investment.
ExxonMobil was able to add 1.8billion oil-equivalent barrels of proven resources to its reserves base last year, replacing 107% of production. Excluding the impact of asset sales, reserves additions replaced 116% of output. This is the 18th year on the trot that the US super-major has replaced more than 100% of its production.
Oil giant Royal Dutch Shell said today higher oil prices and its own performance helped it to more than double third-quarter profits.
The BP oil leak could be plugged permanently within a fortnight, US experts said yesterday.