Uncategorized

Big Oil Says It Still Loves North Sea Despite Asset Sales

NS

Europe’s biggest energy companies have a message for the aging U.K. North Sea oil industry: We may be selling assets, but that doesn’t mean we’re heading for the exit.

The North Sea will always be “one of the great basins,” said BP Chief Executive Officer Bob Dudley. Royal Dutch Shell Plc will keep investing in a place where it has “deep roots,” said CEO Ben van Beurden. Total SA offered more than just words, with a $7.45 billion deal that was a vote of confidence in the region last month.

Read more

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s