Twelve hours by ferry from the Scottish mainland, hundreds of miles from Edinburgh and closer to Oslo than London, the windswept Shetland islands have their own aspirations about Scottish independence. Some of the 23,000 inhabitants even want their own. Many Shetlanders see the Sept. 18 vote on whether Scotland should end the 307-year-old union with […]

The Daily Telegraph of 22nd April published an article on Brent[1] that referred to Consilience’s recent study on the continuing evolution of the “Brent” oil price benchmark and the new blends that might be added to the Brent/Forties/Oseberg/ Ekofisk (BFOE) basket of blends of which “Brent” is now comprised.  For the avoidance of doubt, Consilience’s […]

A new gas and oil discovery has been made by Norwegian oil major Statoil in the northern part of the North Sea, about 10 kilometers of the Valemon gas and condensate field presently under development, as stated by the company on Friday. It is the second substantial finding off Norway in two days.   Read […]

LONDON, April 15 (Reuters) - Britain is well placed to deal with the possibility of a Russian cutoff of gas to Europe during the Ukraine crisis, because it receives most of its imports from Norway and has significant domestic reserves. Read full story › Source: Energy Market Price