Monday , October 23 2017
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Tag Archives: North Sea

Headline oil finds getting smaller

New oil discovery

When an oil deposit of just a billion barrels becomes headline news, you know there’s trouble ahead.  Why?  Because it tells you that all of the large reserves have gone.  We are now drilling into the small, hard to recover deposits that require a large investment for very little return.  …

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Who pays for North Sea decommissioning?

Oil Decommissioning

An argument has broken out between Oil and Gas UK – the industry trade body – and an Edinburgh geologist over the future of North Sea oil.  According to Professor Roy Thompson, the end is in sight and: “The UK urgently needs a bold energy transition plan, instead of trusting …

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Maybe it is time to stop polishing

UK oil sunset

Oil and Gas UK – the industry trade body – has its annual report out today.  The report seeks to put a gloss on the future of an industry whose stay of execution is only temporary.  According to Oil and Gas UK: “Almost $6 billion worth of mergers and acquisitions …

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