High price of oil fuels hunt for black gold

Rigs and offshore vessels in demandas explorers findplethora of new finds in northwest Europe, writes Martyn Wingrove

Martyn Wingrove - Thursday 21 August 2008

SKY-high oil prices have led to a revival in offshore exploration and field development operations and opened up more business for shipowners off northwest Europe.

With oil prices nigh on $150 a barrel at one point, and remaining above $100 since then, offshore vessel owners claim they have never had it so good when it comes to business opportunit...

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