Record breaking investment in the UK oil industry
Despite a tax increases and a murky economic outlook, a report by Wood Mackenzie reveals that capital investment in the UK oil industry hit a record breaking £7.5 billion last year.
Exploration - 11 January 2012
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FMC Technologies awarded subsea systems contract from Anadarko Petroleum Corporation
FMC Technologies has signed an agreement with Anadarko Petroleum Corporation to continue providing subsea systems support.
Geithner looks to China for help backing Iranian oil sanctions
US Treasury Secretary Timothy Geithner has met leaders in Beijing to discuss the possibility of Chinese support for sanctions on Iranian oil.
Statoil makes further discovery in Barents sea
Statoil ASA together with its partners Eni Norge AS and Petoro AS have made a substantial oil discovery in the Havis prospect in the same licence as Skrugard (PL532) in the Barents Sea.