Oil Prices Set to Rise in 2017

Oil Prices Set to Rise in 2017

From a business perspective, the rise in oil costs will be felt across several aspects. The rise will not affect consumers until the driving season starts again, in the spring and summer months. This increase in usage will be combined with a decrease in the...

Oil Price. The Temporary Dip In Costs

Once one of the most profitable businesses has now decayed into a graveyard of retired oil rigs, with companies having to decommission more than two thirds of their rigs. This devastating fact is due to the constant fall in price of an internationally trading barrel...
New Drilling Announced By Norway

New Drilling Announced By Norway

On the 18th of May, 2016, Norway awarded ten new licenses to thirteen oil exploration companies in its 23rd oil licensing round. Among the selected companies that were given the green light to drill gas and oil in the new sites are two great UK oil explorers, mid-cap...
Weald Basin Oil Reserves Discussed

Weald Basin Oil Reserves Discussed

An exploration firm has announced the discovery of billions of barrels of oil reserves at a site near Gatwick airport. UK Oil & Gas Investments (UKOG) said drilling of the 55-square mile site at the Weald Basin had discovered 158 million barrels per square mile....