The British government reported total first quarter production of natural reserves increased at the same time the country relied less on foreign imports. The government reported total production of all energy reserves increased 4.4 percent from the first quarter of 2015. “Production of oil rose by 17.3 percent compared to the first quarter of 2015, due to new fields coming online, but also due to reduced production in February 2015, while production of natural gas rose by 6.0 percent,” it said. Quarterly data follows the June decision to leave the European Union, a decision met with concern from the British oil and gas industry. Deirdre Michie, the chief executive of Oil & Gas U.K., said development activity for oil and gas in British […]