Category: Oil and Gas Industry
UK Oil and Gas Industry
As of January 2009 new technologies are being implemented in UK oil and gas industry. These methods are being used in order to bring down expenses involved in discovering and producing oil and gas resources in UK. These new developments in oil and gas industry in UK are also being brought about in order to increase productivity and longevity of fields.
Experts from UK oil and gas industry have predicted a bright future in years to come. They believe that in coming 25 years it would be able to make 240 new developments and 130 new discoveries.
Japan Oil and Gas Industry
According to latest news from Japan oil and gas industry, Inpex Corp is going to build a liquified natural gas plant in 2016 at Timor Sea in Indonesia. It has estimated that this project would cost almost $10 billion.
This particular estimate is fifty percent of a previous governmental estimate. Estimates have been reduced as expenses related to infrastructure have come down. Indonesian government has agreed to this project on principle.
