BP back in balance even if oil moves back toward $50 per barrel
British energy company BP posts strong figures for the third quarter and says to expect more production before the year is out. There are clear signs the market is back Continue Reading
UK Oil & Gas Reserves Fall To 5.7 Billion BOE
The UK’s proven and probable (2P) oil and gas reserves as at end-2016 were 5.7 billion barrels of oil equivalent (boe), down from 6.3 billion boe at end-2015, due to Continue Reading
Iraq asks BP to boost oil production from Kirkuk: spokesman
Iraqi Oil Minister Jabar al-Luaibi met a senior BP executive on Monday to discuss developing and boosting production from Kirkuk oilfield, a ministry spokesman said. Luaibi, who met BP’s president Continue Reading
UK On Track To Approve Construction of “Mini” Nuclear Reactors
The Telegraph . London’s Department for Business, Energy and Industrial Strategy (BEIS) is due to issue a study on the matter soon, and industry sources said the Rolls Royce consortium’s Continue Reading
London’s £10 daily “T-charge” for most polluting vehicles now in effect; partnership with Turing Institute
London’s £10 daily “ T-Charge ” (toxicity), aimed at the oldest, most polluting vehicles on London roads, is now in effect. The T Charge applies mainly to diesel and gasoline Continue Reading
UK North Sea Oil Faces Quickening Decline If No Brexit Deal
The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union. (Bloomberg) — The U.K. Continue Reading
British government unveils green spending plans
The British government said Thursday it would spend more than $3 billion on new energy systems that could help it meet obligations for a low-carbon economy. The British government is Continue Reading
UK’s Shale Gas Sector Insiders Refute University Study
Industry insiders claim that the fledgling industry will evolve successfully despite hurdles. A new report by the University of Edinburgh, which claims that output from offshore fields in the North Continue Reading
Statoil drills two dry UK wells, makes one discovery
Statoil’s exploration campaign off Britain yielded one discovery and two dry wells this year, the company said on Monday. Results of the Mariner Segment 9 and Jock Scott wells were Continue Reading
Aston Martin CEO: UK Fossil Fuel Ban “Meaningless”
The UK government’s July announcement that it will be banning the sale of petrol- and diesel-powered vehicles by 2040 is “meaningless” to Aston Martin CEO Andy Palmer. Government officials are Continue Reading