North Sea at Oil Change

Archive for the 'North Sea' Category

The Second North Sea Oil Boom

0 Comments Published by Andy Rowell June 5th, 2008 in North Sea, exploration, oil reserves

Happy Environment Day, story number three. The record oil price could cause a second oil boom in the North Sea. The popular view is that the UK’s share of the North Sea is in decline, with energy reserves diminishing rapidly about 35 years after the oilfields were first exploited.
However, there is a growing body […]

Greater Scots Control of Oil “Makes Sense”

0 Comments Published by Andy Rowell September 5th, 2007 in North Sea, Offshore, Politics

So the political row over North Sea oil continues. The concept of Scotland having more say over its oil and gas assets makes “common sense”, according to Scotland’s First Minister, Alex Salmond, responding to the “hands off” warning from Westminster (see yesterday’s blog).
Mr Salmond said: “You have to glance across the North Sea to […]

Shell and Exxon Sell UK Assets

0 Comments Published by Andy Rowell June 15th, 2007 in North Sea, Offshore

Shell and Exxon’s UK subsidiary Esso have put up their selected assets in the UK North Sea for sale, following depletion in reserves, high costs and obsolete facilities. The companies have also entered into exclusive negotiations with UK oil company Fairfield Energy Ltd. to unload their Dunlin fields interests.
Royal Dutch Shell reportedly stated that this […]