Tag: UK Oil and gas

• Tuesday, January 13th 2015 - 07:39 UTC

  Goldman Sachs forecasts oil price close to 40 dollars for most of fist half of 2015

  

  The price of a barrel of the North Sea benchmark dropped on Monday by 5.5% to 47.36 dollars, its lowest level since early 2009. US crude oil was also at its lowest level since that time, down by 5% to 45.90 a barrel.

• Wednesday, February 26th 2014 - 07:03 UTC

  Britain's oil and gas industry faces 'biggest challenge in 50 years' because of low level of exploration

  

  Britain's oil and gas industry has warned it faces its “biggest challenge in 50 years” due to the low levels of exploration. Industry body Oil and Gas UK said only 15 wells were drilled last year. That was despite strong levels of investment, reaching a record last year and sustained this year.