Oil and gas sector confidence remains positive

Oil and Gas UK reported that the index fell five points to 57 between the second and third quarters of this year. However, 50 is the point on the measure at which people are more positive than negative about the industry’s outlook.

Oklahoma-based energy producer Williams Companies Inc. says it plans to spend $925 million to acquire oil fields on the Fort Berthold Indian Reservation in North Dakota.The move to buy nearly 86,000 acres from private owners will give the company a major position in the booming Bakken shale area.

Jude    Maritime News     Bakken Shale, exploration and production, Fort Berthold Indian Reservation, oil and gas, Oil and Gas UK, oil production, Pennsylvania's Marcellus Shale area, Williams Companies Inc.

If you enjoyed this article please consider sharing it!