Alaska forecasts oil-output drop, more oil spending

ANCHORAGE, Alaska, April 10 (Reuters) - Alaska North Slope oil output is expected to drop 5 percent in the coming fiscal year as its oilfields age, and average prices of its crude oil are expected to fall, causing a dip in income for the state, its Department of Revenue forecast on Friday.

Oil Production - North Sea

Today the FT reported that the remaining lifespan of the UK’s North Sea oil and gas production risks being halved as the economic crisis has prompted a plunge in exploration in one of the western world’s most important deposits, the industry has warned.