May dismantles Department of Energy and Climate Change
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 puts 2010 Gulf of Mexico penalties at $62 billion
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
Green campaigners furious as climate change ministry scrapped
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
New UK Prime Minister Likely Good for the Oil, Gas Sector
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
Robert Rapier: No Time to Head for Exits
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
Brexit Puts North Sea Oil In Limbo
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
Brexit Brings Chaos to Europe’s Clean-Energy Goals
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
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
‘Brexit’ Unlikely to Have Big Impact on U.K. Oil and Gas Market, Consultant Says
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
What Are The Long Term Consequences Of The Brexit
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