All
 

 

Just in:  

You are here: Home

Europe

Archive

Low oil price domino effect to shut more North Sea fields early LONDON: Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's North Sea, forcing operators to cease production earlier than planned and adding to fears of a domino effect in mature areas.For years North Sea producers have delayed expensive decommissioning projects, supported by high oil prices that have helped paper over soaring operating costs. But with oil prices halving over the last 12 months, some companies are faced with the unenviable choice of operating at a loss during a field's twilight years, or limiting losses by bringing decommissioning forwards. Unsurprisingly, the industry is looking at the second option very closely. "It's a sign that many of the meetings I'm going to, the first issue on the agenda is decommissioning," Gunnar Olsen, business development director at Total E&P UK, said.The most recent casualty is Fairfield's Dunlin cluster in the Northern North Sea, which ...
Shell says keen to explore ways to do business in Iran LONDON: Oil major Shell said it was interested in doing business in Iran and was engaging with relevant governments to understand the impact of a nuclear deal reached between six major world powers and Iran. "Strictly within the boundaries of the law, we are interested in exploring the role Shell can play in developing Iran's energy potential," a spokeswoman said. Iran and six major world powers reached a nuclear deal on Tuesday, capping more than ...
Oil rises to $57 as Iran talks drag on LONDON: Brent oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showed a larger-than-forecast drop in US crude stocks and Iran nuclear talks failed to produce a deal.Oil had come under downward pressure as a plunge in China's stock market accelerated and the Greek debt crisis raised concern about fuel demand. Talks in Vienna between Iran and six world powers dragged on beyond a self-imposed deadline ...
Oil prices steady awaiting Iran deal LONDON: Oil prices were stable Monday as markets waited to see whether Iran and western powers would agree a landmark deal that would lift sanctions on Tehran and lift crude exports.US benchmark West Texas Intermediate for August delivery was up 13 cents at $52.87 barrel compared with Friday's close.Brent North Sea crude for August slipped 22 cents to stand at $58.51 a barrel in late London deals.Despite earlier optimism, there is little possibility that Iran ...
Indonesia's Bontang LNG plant sells at least 12 cargoes LONDON/MILAN: Indonesia's Bontang liquefied natural gas (LNG) export plant has sold at least 12 cargoes to buyers including BG, Shell and BP , traders said. The sale included six cargoes to BG, four cargoes to Shell and 2 cargoes to BP, the traders said. One trader said the cargoes were for shipment between September and November. Copyright Reuters, 2015 ...

 





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk