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Professor Alex Kemp

Oil & Gas

$50 crude not the cue for North Sea revivial, Prof Kemp says

The return of plus $50 crude after a seven month absence will not be enough to spark a wave of new North Sea development wells, a top oil industry economist said yesterday. Benchmark Brent crude rose 1% to $50.22 at one point yesterday, its highest level since early November. The price has rallied from a 13-year-low of about $28, which was reached in January, but is still well below the summer 2014 high of more than $110.

Events

North Sea oil experts to line up at Aberdeen Uni conference this week

Oil experts from industry and academia will debate the obstacles to extracting the North Sea’s remaining reserves at a conference in Aberdeen this week. The list of speakers includes top petroleum economist Professor Alex Kemp, Shell’s UK director for upstream, Paul Goodfellow and Amec Foster Wheeler’s group president for northern Europe and Commonwealth of Independent States, John Pearson. The event, organised by Aberdeen University, will take place at the King’s Conference Centre on Thursday.