RockRose Energy is eyeing up North Sea takeover opportunities with a large lens, according to consultancy Westwood Global Energy Group.
The 250millon-barrel Glengorm discovery will ‘reignite excitement’ in the central North Sea, with eyes now on further prospects in the region according to Westwood Energy.
Bridge Petroleum’s plan to redevelop its Galapagos field, which has up to 800million barrels remaining, is achievable, according to an analyst.
The energy industry is aiming to drill out 3.7billion barrels of oil equivalent from high-impact wells in the UK and Norway this year, according to Westwood Global
OPEC’s output cuts as well as outages in Venezuala have offset projected drilling activity in 2018.