LOWER oil prices in recent months could see profits at the world's largest energy companies dented as they reveal their third-quarter results this week, according to analysts.
The latest monthly statistics from the Department of Energy and Climate Change (DECC) show UK oil production down - 19% on an annual basis and gas production down 21%. Those are alarming rates of decline.
UKCS oil & gas production has been falling dramatically; however, the impact of that has largely been hidden by the beneficial effects of healthy commodity prices - at least to the industry and Government, if not consumers.
