british oil and gas output up for first time since 1999
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

British oil and gas output up for first time since 1999

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice British oil and gas output up for first time since 1999

A general view of a site where energy company IGas
London - AFP

British production of oil and gas rose in 2015 for the first time in 15 years but may struggle to maintain the performance amid low energy prices, an industry body said Monday.

Output is expected to have risen by as much as eight percent last year after a strong first 10 months, Oil and Gas UK said in a statement.

"Output in November and December tends historically to be more stable, but even so, Oil & Gas UK now expects year end production for the full year of 2015 to be seven to eight percent higher than last year," said its chief executive Deirdre Michie.

Referring to the low price environment, she added: "Times are really tough for this industry and for the people working in it. We will continue to see job losses as we move into 2016."

The organisation said that UK gas production rose 6.1 percent last year compared with 2014, while liquids grew 10.6 percent.

Britain's oil and gas production is concentrated mainly in the North Sea off the coast of Scotland.

Michie said last year's increases were a result of "the industry-wide focus on improving production efficiency coupled with investments of more than £50 billion ($73 billion, 68 billion euros) over the last four years to bring new fields on stream".

Oil prices meanwhile tumbled by about 35 percent in 2015, largely owing to a global supply glut.

Last October, Oil & Gas UK said the number of jobs supported by Britain's energy sector had contracted by 15 percent since the start of 2014 to 375,000.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

british oil and gas output up for first time since 1999 british oil and gas output up for first time since 1999

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

british oil and gas output up for first time since 1999 british oil and gas output up for first time since 1999

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:06 2011 Friday ,02 December

Cold weather expected in Bahrain

GMT 08:44 2017 Thursday ,07 September

Kurdish Peshmerga is ready with plan to liberate Hawija

GMT 13:43 2017 Wednesday ,17 May

One dead, 89 other injured in 251 incidents

GMT 10:31 2011 Monday ,13 June

China flood deaths rise, more rain expected

GMT 12:38 2011 Wednesday ,28 September

Milan Fashion Week: Marni S/S 2012

GMT 23:09 2016 Friday ,30 September

Premier League corruption claims a lie, says agent

GMT 12:26 2017 Monday ,06 November

Shaji's brainchild T10 could open

GMT 10:23 2017 Thursday ,23 November

AQUARIUS (January21st-February19th)

GMT 09:42 2017 Tuesday ,19 December

Doha and its arms purchase policy

GMT 04:49 2017 Thursday ,15 June

Enjoy up to 80% discount

GMT 01:20 2017 Saturday ,30 September

Relatively hot weather in UAE forecast

GMT 09:16 2017 Monday ,09 October

Rashi Hosni: Latest match was difficult
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice