Analysis by Rystad Energy suggests a prolonging of current prices could unlock up to 2.2 million barrels per day (bpd) of US tight oil by next year.
natural gas liquids
Serica Energy said today it had started the tendering process for the construction of subsea facilities at its North Sea Columbus development project.
A SUBSIDIARY of global firm Foster Wheeler has been given an engineering, procurement and construction management contract by BP for its Exploration's Enhanced Gas Separation Project (EGSP) in Scotland.
Oil giant ExxonMobil said today it would sell all of its Mobil North Sea assets in a £1.1billion deal.
OIL and gas operator Talisman Energy posted a jump in net income yesterday for the third quarter of 2010.
THE ETAP project is an offshore development of nine different reservoirs, the ownership of which is divided between oil giants BP and Shell.
THE IEA says Saudi Arabia will continue to play a vital role in balancing the global oil market and that its willingness to make timely investment in new production will be a key determinant of future price trends.
SCOTTISH oil and gas explorer Bowleven said yesterday it needed more cash to progress exploration and development programmes in west Africa.