While the go-ahead for Cuadrilla is a chink in the armor, it’s nowhere close to what the country needs to replicate US success, according to analysts and academics. (Bloomberg) — Continue Reading
The UK Department of Communities and Local Government rules that Cuadrilla Resources can proceed with shale gas exploration, including hydraulic fracturing, at its Preston New Road site in Lancashire. The Continue Reading
British government issues ruling on local appeals to hydraulic fracturing, siding in favor of the energy industry. Photo by photostock77/Shutterstock Industry appeals to local challenges to hydraulic fracturing operations were Continue Reading
Output in U.K. North Sea will rise through 2018: WoodMac Region joins Russia, Norway in bringing down costs to survive Oil producers in the North Sea were supposed to be Continue Reading
Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France and put a question mark over Continue Reading
A “very significant” reservoir of oil was uncovered during a pilot program in British waters west of the Shetland Islands, a British-based company said Friday. “A very significant hydrocarbon column Continue Reading
There are many players looking to enter the oil markets thanks to the raft of deals available as the oil price crash appears to be over. For the oil majors, Continue Reading
BP Chief Executive Robert Dudley said on Friday he expected global oil prices to remain at around $50 per barrel till the end of this year and at the same Continue Reading
Royal Dutch Shell Plc agreed to sell its Brutus/Glider operation in the Gulf of Mexico for $425 million as Chief Executive Officer Ben Van Beurden seeks to resuscitate an explorer Continue Reading
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 Continue Reading
A range of mini-nuclear power plants could help solve Britain’s looming power crunch, rather than the $24 billion Hinkley project snarled up in delays, companies developing the technology say. So-called Continue Reading
British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch Continue Reading
The Transocean Winner oil rig ran aground at Dalmore on the Isle of Lewis in… British authorities have opened a probe into how a Transocean RIG -2.65 % Ltd. oil Continue Reading
There will be more public locations to charge electric cars in the UK than there are gasoline stations by the summer of 2020, according to new analysis by Nissan. At Continue Reading
Gearing rose to 28.1% last quarter, double year-earlier level Debt ‘close to the maximum’ but may still climb, company says Royal Dutch Shell Plc is on the verge of breaching Continue Reading
Royal Dutch Shell disappointed with its second quarter earnings , reporting numbers much lower than what analysts had expected. Shell’s profits fell by 72 percent, dropping to $1.05 billion, down Continue Reading
Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. Royal Dutch Shell ( RDSa.L ) Continue Reading
BP says second-quarter refining margins drop to 6-year low Downstream business was key last year in cushioning cheap oil If Big Oil was a two-engine airplane, you could say it’s Continue Reading
Even though results for the second quarter show yet another loss, BP CEO Bob Dudley said thousands of barrels of new production is coming online this year. BP said Tuesday Continue Reading
Britain has cut rental fees by up to 90 percent in its latest tender for oil and gas licenses in the North Sea launched on Wednesday in a bid to Continue Reading
With the British Cabinet evolving, industry group Oil & Gas U.K. said it was incumbent upon the new leadership to focus on one of the country’s best assets. British Prime Continue Reading
BP on Thursday estimated costs from its deadly 2010 Gulf of Mexico spill will total $61.6 billion after it agreed to a new $5.2 billion charge it said largely drew Continue Reading
Theresa May’s decision to abolish the department of energy and climate change in Thursday’s ministerial reshuffle has provoked angry criticism from environmental groups and some MPs. “It sends a terrible Continue Reading
The appointment of Theresa May as the United Kingdom’s new Prime Minister is likely to be a good development for the UK oil and gas industry, according to her voting Continue Reading
Markets don’t like uncertainty, so it wasn’t a huge surprise that oil prices initially dropped by 5% in the wake of the UK’s unexpected vote last week to leave the Continue Reading
The UK’s decision to leave the European Union sparked turmoil in financial markets around the world at the end of last week, but stocks rebounded on Tuesday in an early Continue Reading
The departure of the EU’s second-largest economy could have unsettling implications for the Paris climate accord. U.K. voters’ decision to exit the European Union sent shock waves through world markets Continue Reading
North Sea Oil Faces Worsening Investment Drought After Brexit Second independence poll is ‘very much on the table’ U.K. industry is already suffering a slump in spending The U.K.’s North Continue Reading
The U.K. is too large a market for European oil and gas sellers to be marginalized too much by its exit from the European Union, said Simon Flowers, chairman and Continue Reading
We begin with a look at the key data for the oil and gas industry this week, which shows the impact of the Brexit vote on the oil markets, with Continue Reading
David Cameron, Brexit Britain has woken up this morning to the news that it will be leaving the European Union. The decision, won by a majority of just four percent, Continue Reading
Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union. “It is far too early to understand the Continue Reading
British energy services company Subsea 7 said it was trimming its labor force by more than 1,000 in an effort to adjust to the era of lower oil prices. The Continue Reading
Shell Rig Ben Van Beurden, Chief Executive Officer of Royal Dutch Shell has laid out an ambitious plan to overtake ExxonMobil as the number one oil company in the world. Continue Reading
The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible. In this global effort, one of the world’s most expensive oil regions intends to Continue Reading
BP Plc can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, Chief Executive Officer Bob Dudley said. The explorer has enough Continue Reading
The world’s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the Continue Reading
A British environmental advocacy group said more than 150,000 signatures were added to a petition sent to the government against hydraulic fracturing plans. “Fracking poses risks to people and the Continue Reading
If the UK votes to leave the EU next week, the move could ultimately lead to the bloc’s disintegration, Germany’s foreign minister has warned. Frank-Walter Steinmeier was speaking near Berlin Continue Reading
Shell has plans to ink a deal with the Russian gas company Gazprom sometime this week. The deal is related to Gazprom’s plan to begin a liquefied natural gas project Continue Reading
The global oil price is hovering at about $30 U.S. dollars a barrel. Britain’s consumption of road fuel is growing at the fastest rate for more than a decade as Continue Reading
Jobs supported by the UK’s offshore oil and gas industry will have fallen by an estimated 120,000 by the end of 2016, since their peak in 2014, according to employment Continue Reading
The U.K. oil and gas industry will ax 120,000 jobs by the end of the year following the collapse in oil prices, according to a lobby group. This year, 330,000 Continue Reading
Royal Dutch Shell PLC increased the cost savings target from its roughly $50 billion acquisition of BG Group PLC as it set out its priorities for the new combined company Continue Reading
Royal Dutch Shell announced this morning that it could be vacating up to 10 countries this year, as it moves to divest up to 10 percent of its oil and Continue Reading
North Sea spot differentials for Brent blend, Forties and Ekofisk — together with Brent CFDs — are expected to continue their recent slide as French strikes that have brought several Continue Reading
Royal Dutch Shell Plc cut spending plans further and promised increased savings following its record purchase of BG Group Plc as it continues to adjust to the slump in oil Continue Reading
The pound slumped as much as 1.1 percent after weekend polls showed Britons favor exiting the European Union, spooking some investors who have been betting the U.K. would vote to Continue Reading
The logo of France’s state-owned electricity company EDF is seen next to the Electricite de France (EDF) thermal electricity production plant in Cordemais, France, April 21, 2016. EDF Energy Renewables, Continue Reading
A British geological organization said it was working to set an environmental baseline to serve as a basis for weighing the impacts of hydraulic fracturing. The British Geological Survey said Continue Reading
