During the last decade North America has received great interest on the part of oil explorers and producers. The reasons are not hard to understand. It is close to the U.S. where the most important oil and gas companies have their headquarters. Also, political stability has been a key characteristic not shared with the Middle East and Africa. When compared with the North Sea, the advantage is benevolent weather conditions. However, it is far from the biggest shipyards, and reserves continue to dwindle at a fast rate.
Nonetheless, companies continue to invest in the region and not even the worst ecological disaster, or elaborate legislation, can stop onshore gas and offshore oil production. Talisman Energy (TLM) is one of the companies with a great exposure to North America, with almost 50% of its production done there. So, what does the future hold for the firm? Continue Reading »