Lundin Petroleum has established its largest budget for its 2013 exploration, appraisal, and development operations . . . a total of $1.7billion.
Oil and gas firm Sterling Resources said yesterday it was to raise up to £31.5million through a share issue.
A NEW study published by energy business analyst Douglas-Westwood forecasts that 86 megawatts (MW) of wave and tidal-current-stream capacity will be installed worldwide from 2009 to 2013, with the UK expected to be the biggest market.
Rig day-rates may be about to peak as drilling contractors hit resistance from increasingly wary oil companies.