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2016-02-25 18:35:00

UK INVESTMENT DOWN 90%

UK INVESTMENT DOWN 90%

Sparking fears for the long-term future of the industry, the UK upstream segment is expected to approve fewer than £1 billion in spending on new North Sea projects compared with an average of £8 billion/year over the past 5 years, according to Oil & Gas UK's 2016 Activity Survey published Feb. 23.

The report on the activities of exploration and production companies operating in the UK Continental Shelf (UKCS) charts the industry's progress in the pursuit of competitiveness.

It reveals that while the industry's drive to improve efficiency, reduce operating costs, and increase production has had marked success,…

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Tags: BRITAIN, OIL, INVESTMENT

Chronicle:

UK INVESTMENT DOWN 90%
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

UK INVESTMENT DOWN 90%
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

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UK INVESTMENT DOWN 90%
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

UK INVESTMENT DOWN 90%
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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