The North Sea oil industry, particularly the Shetland region at its core, is showing the strain of low oil prices, raising questions about its viability. The demise of the four-decade old UK industry has been predicted many times, with recent concerns centered on taxation and possible independence for Scotland.   Read full story › Source:: […]

Oil and gas decisionmakers are coming under increasing pressure to reduce asset downtime according to new research. As part of Lloyds Register Energys Technology Radar research programme the sur Read full story › Source:: Oil Voice       

6 November 2015 Pantheon Resources plc   Drilling update on VOS#1 well, Tyler County, onshore East Texas   The Board of Pantheon Resources plc ("Pantheon"), the AIM-quoted oil and gas exploration company with a 50% working interest in several projects in Tyler and Polk Counties, onshore East Texas, is pleased to provide the following operational […]

By hellenicshippingnews Oil prices rose on Thursday, paring some of the losses incurred a day earlier after data showed U.S. inventories had risen for a sixth week and weakness spread through the physical market. On Wednesday, oil fell nearly 4 percent after the Energy Information Administration said U.S. crude inventories added 2.85 million barrels last […]