Shell Reveals North Sea Growth Plans

UncategorisedBy expertprecisionengineering5th February 2018

ROYAL Dutch Shell chief executive Ben van Beurden has said the company sees growth opportunities in the North Sea as he underlined the importance of its recent decision to revamp a giant field off Shetland. Speaking after Shell revealed fourth quarter profits more than doubled to $4.3bn (£3bn), Mr van Beurden indicated the decision to…

Brent crude oil price breaks $70 a barrel for the first time since 2014

UncategorisedBy expertprecisionengineering5th February 2018

The global benchmark Brent crude oil topped $70 a barrel today despite concerns its rally is running out of steam. Brent reached $70.05 a barrel, the highest price recorded since oil prices were crashing in December 2014, while US benchmark West Texas Intermediate rose to $64.77 a barrel, supported by a nearly 5m barrel drop in…