Big questions over the future of North Sea have been answered in this round. This is a remarkable development, considering the price crash of 2014 that had seemingly brought the North Sea to a standstill. After three years, it appears that it has come back from the brink. Please read the originial post here: http://gearoilandgas.cdhost.com/B79852.html
The success of this round, involving companies such as BP and Dutch Shell, will quickly lead to high activity and a boost in exploration. One of the blocks contains the Paleocene Crown discovery, which estimates suggest a range of recoverable 4-16m barrels of oil. Please read the originial post here: https://gearoiluae.home.blog/2019/11/01/is-north-sea-running-out-of-oil-and-gas-quite-the-opposite/
Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year. In regions which house the major NOCs, these oil and gas companies are so vital they often contribute a… Read More »