Home UK must act to save $500 bln of oil, North Sea firms say
 

Keywords :   


UK must act to save $500 bln of oil, North Sea firms say

2013-07-05 09:07:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Britain must get tough with major oil firms that prevent smaller producers from getting access to platforms and pipelines, or risk leaving as much as $500 billion worth of oil in the ground, North Sea oil companies say. Output from the North Sea has been in steep decline as mature fields are exhausted and global firms such as BP and Shell focus on more promising projects elsewhere. But there is still oil under the sea bed that a host of smaller operators is keen to extract, and Britain's cash-strapped...

Tags: save north say act

Category:Electronics and Electrical

Latest from this category

All news

»
24.11MSX2
24.11CITY 1-13
24.11 Loveyoursself Soul DVD
24.11B787-8 1/400
24.11GIANT CONTEND SL1105
24.11HappySanrio characters Halloween
24.11
24.11emmi
More »