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Oil & Gas UK: Explorers still see UKCS as prospective territory:

The Oil and Gas Authority (OGA), the UK oil and gas regulator, yesterday awarded 41 new offshore oil and gas exploration licences as part of UK’s 28th Offshore Licencing Round. Oil & Gas UK, representative body for the UK Offshore oil and gas industry, has welcomed the awards.

The 41 new licences were awarded in…

UK awards new offshore licences in ‘one of the largest rounds in five decades’:

The Oil and Gas Authority (OGA) – the UK oil and gas regulator – has announced today, July 27, 2015, the remaining winners from the 28th Offshore Licensing Round.

According to OGA, the 41 new licences awarded today in addition to the 134 confirmed in late 2014 makes this one…

The Oil and Gas Authority to confirm remaining licences for 28th offshore round:

The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today.

The final tally will bring a close to one of the most active bids in 50 years.

Last year a total of 134 new North Sea exploration licences were awarded by the…

Oil stems drop in bear market as volatility rises to two-week high:

Oil trimmed losses that tipped prices into a bear market amid a broader commodity rout as trading volatility advanced to the highest in almost two weeks.

Futures climbed as much as 1 percent in New York after closing on Thursday more than 20 percent below this year’s peak in June,…

OPEC sees oil drop as short-term, expects stronger demand, delegates say:

A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said.

Falling Chinese stock markets and the Greek debt crisis have raised concern about…

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