Tag Archive | "north sea"

Antrim Reports Successful Sidetrack Drilling Near Erne Oil Discovery

Thursday, December 22, 2011

Antrim Energy Inc. (TSX:AEN,AIM:AEY) announced drilling results from a sidetrack well in the North Sea next to the Erne discovery.

Major North Sea Discovery by Statoil Renews Interest in Norway

Monday, August 22, 2011

A significant find by home-grown Statoil could provide a spark for the flagging Norwegian oil industry.

Positive Economic Outlook Spurs Crude

Thursday, July 16, 2009

The oil market is bubbling over. Volatile at the best of times, the last year has been extraordinary even by those standards. When the price of crude came close to $150 a barrel, many thought the commodity was overpriced. And yet, some analysts are forecasting $200 a barrel before long. On Thursday, crude prices hovered above $61 a barrel in Asia after a more positive economic outlook from the U.S. central bank buoyed investor confidence. The Fed said industrial companies cut production far less in June than they had in previous months and that it now expects the economy to contract at a slower pace than previously thought.

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