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News Archive for: June 2015

Oil prices seen steady despite Greek crisis, Iran:

Oil prices are likely to be stable for the rest of this year and climb in 2016 and 2017 as global demand picks up, shrugging off setbacks from the Greek debt crisis and the possible lifting of sanctions on Iran, a Reuters poll forecast on Tuesday.The monthly survey of…

Cuadrilla fracking decision expected today:

Councillors are finally expected to rule today whether fracking can go ahead in Lancashire.

Energy firm Cuadrilla wants to explore for shale gas by drilling, hydraulically fracking and testing the flow of gas at site near Little Plumpton between Preston and Blackpool.

Planning officers have recommended the plans should be passed…

Major milestone for North Sea Clair Ridge project:

BP’s £4.5billion North Sea Clair Ridge project, which is expected to keep the UK producing oil beyond 2050, has taken a giant leap forward.

Three huge topside modules have been installed on the “quarters and utilities” (QU) platform following their long journey from a shipyard in South Korea.

They were safely…

Shell executives visit Tehran for projects if sanctions end:

Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done.

The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co….

E.ON to put North Sea assets up for sale:

German utility E.ON is set put its North Sea and Algerian oil and gas assets up for sale, hoping to raise an estimated £1.25billion as it restructures its business.

E.ON, which operates a number of North Sea fields including Huntington, also has production interests in the Elgin, Franklin, Glenelg and…

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