Fastnet (AIM: FAST; ESM: FOI) the listed E&P company focussed on exploration activities in Morocco and in the Celtic Sea, is pleased to announce that an independent assessment of eight Exploration Permits comprising the Tendrara Lakbir ...
Tags: Fastnet, Tendrara-Lakbir, resources estimate
The UK's oil producers group Oil & Gas UK cut Wednesday its forecasts for oil and gas production this year amid signs that declining output from mature fields and outages in the North Sea continue to outpace the impact of new projects and ...
Tags: Oil, Gas, Metallurgy, Mineral, Energy
UK offshore oil and gas investment has risen to its highest level in 30 years, thanks to changes in the tax regime introduced over the past four years, industry association Oil & Gas UK said Monday. Investment soared to GBP11.4 billion ...
Tags: offshore oil, gas investment, oil
Global demand for oilfield equipment is forecast to rise 3.8 percent per year through 2016 to $109 billion. Gains will be fueled by a substantial increase in oil and gas production as the world economy rebounds from the general economic ...