UK oil and gas reserves will expire in 10 years
The UK’s oil industry could be entering its final decade of production, according to new research. A study of output from offshore fields estimates about 10% of the nation’s original Continue Reading
BP Cuts North Sea Production Costs In Half
In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob Dudley said his company has cut production costs by Continue Reading
Electric Vehicles: The High Cost Of Going Green
It has become raison d’être that electric vehicles (EV) will keep increasing in use without considering serious factors that could hamper their growth. The British electrical grid example and the Continue Reading
BP folds Argentine assets into JV backed by Cnooc
BP has agreed to fold its Argentine assets into a new joint-venture backed by Cnooc of China in a deal that widens both groups’ interests in a country boasting some Continue Reading
The Two Nations Leading The Wind Power Race
China and the UK have teamed up to develop the next generation of offshore wind power capacity, with a focus on identifying the best locations for the new installations and Continue Reading
Last of the 67 turbines for a British wind farm installed
Statoil, a Norwegian oil and gas company with a footprint in renewables, said the last of the 67 turbines at a wind facility off the British coast is in place. Continue Reading
British foreign minister visits oil-rich Libya
A NATO member with a legacy of energy-related interests, the British government said it was working to ensure Libya evolves as a safe and stable partner. British Foreign Minister Boris Continue Reading
Electricity is a Rip-Off
British Gas has raised electricity prices by 12.5% and its rivals are likely to follow suit. Another round of inflation-busting increases has put calls for an energy price cap back Continue Reading
Blockade Can’t Stop Qatar From Suppling UK With Gas
Qatar supplies 20 percent of Britain’s natural gas. Just in the past four weeks, British ports have received one million meters worth of scheduled gas orders, according to the Middle Continue Reading
UK Oil Production, Reserves and Future Projection
Production History and Reserves UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha Continue Reading