Oil & Gas

Opinion: Alex Kemp on ‘THE’ challenge for the industry

The purpose of the new research paper by Linda Stephen and myself is to throw light on the implications of “lower for longer oil prices” on long term activity in the UKCS to 2050. The oil price scenarios employed are $50 and $60 in real terms. For the year 2050 these translate into $96.1 and $115.3 in money-of-the day terms. The price scenarios are not forecasts.

Other News

Statoil joins force with Norwegian University to fund energy research

Statoil and the Norwegian University of Science and Technology (NTNU) have signed an agreement on research funding for future energy solutions. The group, with a total budget of NOK 50million over the next four years, will look to build-up a research group which can help develop sustainable energy solutions. The first move will be to recruit a researcher who can guide the work and build up the research group based at NTNU in Trondheim.