BP Chief Executive Bob Dudley told shareholders the company has nearly 45 potential projects it can develop over the next 10 years, cutting the need for new major acquisitions to replace declining reserves, The Wall Street Journal reports.
A new report from the University of Aberdeen predicts that increased investment, high oil prices and tax breaks will result in an increased output from Britain's North Sea over the next few years, Reuters reports.
BANGKOK (AP) — Oil prices staged a rebound Tuesday following three days of losses, rising on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil.
Benchmark crude for November delivery was up 48 cents to $89.81 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 57 cents to $89.30 per barrel in New York on Tuesday.
In London, Brent crude, which is used to price international varieties of oil, rose 56 cents to $112.38.
Nuclear Regulatory Commission Chairman Allison Macfarlane said the NRC can't consider a public hearing on the San Onofre nuclear plant until June, when an appeal period of an Atomic Safety and Licensing Board ruling ends.