Workers on a platform over Talisman's Yme field in the Norwegian North Sea have been evacuated as a safety precaution due concerns over its substructure.
low oil prices
North Sea independent Fairfield Energy has signed-up Taqa Bratani to help it develop what has been described as one of the biggest recent developments in the North Sea.
THE shifting economic climate has created a toxic mix for the North Sea oil and gas industry.
MELROSE Resources, the Scottish oil and gas operator with interests in Egypt, Bulgaria, Romania, America, France and Turkey, said yesterday it was not immune to the global downturn.
THE stock market is on a roller-coaster ride, and so are oil prices. We have moved very quickly from July's figure of $147 a barrel to about half that level. On September 29, oil fell by $10 in one day, but it is worthwhile to reflect that, back in 1995, the price of oil was $10 barrel.