June 29, 2024
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UK’s oil output forecast could be surpassed with new investment, says lobby group

  • June 18, 2024

According to Offshore Technology’s parent company, GlobalData, the UK produced a total of 1.65 million barrels of oil equivalent per day (mboe/d) in 2020. Credit: Arild Lilleboe. The UK oil sector could beat output forecast by 30% if the required investment is secured for exploration and development, according to an industry group. “Improved recovery rates

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Finance

Cook Inlet gas producer assails royalty rates as another seeks state financing

  • June 2, 2024

Offshore oil platforms in Cook Inlet. (Loren Holmes / ADN archives) John Hendrix was stressed on Thursday. He temporarily shut down a well that produces 50% of his company’s gas from Cook Inlet for a mandatory state test. The well produces large quantities of water and Hendrix didn’t know if gas would flow again. “We

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