News Archive for: February 2013

The boost would be due to significantly lower oil prices as the world taps into the energy held in shale rock, cutting costs faced by businesses and consumers, it said.

As a result, UK gross domestic product (GDP) could increase by an extra 2pc to 3.3pc by 2035, it estimated,…

Shell’s two offshore rigs in Alaska are to go to Asia for repairs and upgrades, the Anglo-Dutch oil company said, casting doubts on its plan to do any drilling in Arctic seas this year.

Shell said in a statement, issued late on Monday, that no decision had been made yet…

Hydraulic fracturing operations are back on in the UK after the country’s government declared in early December that it had lifted a temporary ban on the practice. But the controversy surrounding the safety of shale gas fracking has not gone away despite the announcement from the Chancellor of the…

Royal Dutch Shell is to sign an agreement next week with Turkish state-owned energy company TPAO covering oil exploration in the western Black Sea region, according to a Reuters report Friday.

Sources told Reuters that the two companies envisage drilling at least one well within two years.

“Shell and TPAO’s oil…

Oil and gas industry professionals are enjoying significant wage growth, according to the Oil and Gas Global Salary Guide 2013, which is based on data from 25,000 respondents and more than one million items of data. Companies that specialise in upstream represented 26 per cent of the respondent’s employers,…