Oil
Better times ahead for UK offshore, report finds

There are signs for greater optimism on the UK continental shelf, according to Offshore staff quoting from consultant Wood Mackenzie. The British sector may experience a modest recovery in 2017 after...

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Good News: New upstream projects to double globally in 2017

Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according OGJ and Wood Mackenzie...

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Russian Energy Minister Alexander Novak: We’re ready to discuss cutting oil output volumes

In an interview with Bloomberg, Russian Energy Minister Alexander Novak said, “We’re ready to discuss the issue of cutting oil output volumes and ready to consider the possibility. “This...

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