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2016-02-23 19:05:00

OIL BILLIONS LOSING

OIL BILLIONS LOSING

 

north sea oil gas map

 

Exploration for oil and gas in the North Sea has all but ground to a halt as low oil prices take their toll on companies, according to a report published on Tuesday by the industry trade body.

Oil and Gas UK predicts companies could drill as few as seven exploration wells this year — fewer than at any time since it started collecting the data in the late 1970s. That would compare…

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Tags: NORTH, SEA, OIL, PRICES
Chronicle:
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U.S. SANCTIONS FOR GERMANY
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VIETNAM, RUSSIA LNG
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