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News Archive for: March 2015

Oil continues to fall: Expected rise in US crude stocks weighs on prices along with a stronger dollar:

Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets.With a deadline less than 24 hours away, the US, Britain, France, Germany, Russia and…

Iran reserves again coveted by big oil after decades of conflict:

Outside the boardroom of BP Plc’s headquarters on London’s swanky St. James’s Square, a display case houses the geological data from Masjid-i-Solaiman, Iran’s first oil well.

The discovery of crude in 1908 laid the foundations for the company that would become British Petroleum and opened one of the richest opportunities…

Parkmead Group eyeing new acquisitions in North Sea:

Parkmead Group said yesterday it had “significant” cash available to take advantage of lower oil prices and continue on the acquisition trail it has been on since 2011.

The Aberdeen-based oil and gas firm, led by north-east entrepreneur Tom Cross, has already pulled off six deals since a refocusing of…

George Osborne: North Sea is open for business:

The fall in the oil price these last few months has been a big help for anyone who drives a car and pays an energy bill.

But I know that for the north-east that boon has come at a price.

Last year, Sir Ian Wood, Aberdeen’s most successful businessman, left us…

Oil magnate predicts return of $100 oil:

The price of oil could reach $100 a barrel by the end of next year, according to an industry expert.

T.Boone Pickens had previously said he expected a barrel of oil to sell for $80 to $90 within the next year.

At an audience of around 100 delegates at the Commonwealth…

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