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A total of 14 startups with a combined production of 230,000
bpd are expected to come on stream in the UK section of the North
Sea this year, the highest yearly new oil output in ten years,
Bloomberg reported on Monday, citing data by energy consultancy
Wood Mackenzie. The projects are the result of the high investments
in this mature basin that were made before the 2014 oil price
crash. The outlook beyond 2018 is not nearly as bright due to the
underinvestment in new projects following the slump in oil prices,
according to WoodMac. “It’s…
bpd are expected to come on stream in the UK section of the North
Sea this year, the highest yearly new oil output in ten years,
Bloomberg reported on Monday, citing data by energy consultancy
Wood Mackenzie. The projects are the result of the high investments
in this mature basin that were made before the 2014 oil price
crash. The outlook beyond 2018 is not nearly as bright due to the
underinvestment in new projects following the slump in oil prices,
according to WoodMac. “It’s…
A total of 14 startups with a combined production of 230,000
bpd are expected to come on stream in the UK section of the North
Sea this year, the highest yearly new oil output in ten years,
Bloomberg reported on Monday, citing data by energy consultancy
Wood Mackenzie. The projects are the result of the high investments
in this mature basin that were made before the 2014 oil price
crash. The outlook beyond 2018 is not nearly as bright due to the
underinvestment in new projects following the slump in oil prices,
according to WoodMac. “It’s…
bpd are expected to come on stream in the UK section of the North
Sea this year, the highest yearly new oil output in ten years,
Bloomberg reported on Monday, citing data by energy consultancy
Wood Mackenzie. The projects are the result of the high investments
in this mature basin that were made before the 2014 oil price
crash. The outlook beyond 2018 is not nearly as bright due to the
underinvestment in new projects following the slump in oil prices,
according to WoodMac. “It’s…