Britain’s record traffic is boosting fuel consumption: Kemp
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
Offshore UK Jobs Will Fall By 120,000 This Year
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
Oil Slump Causes 120,000 U.K. Job Cuts Since 2014 Industry Peak
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
Shell Raises Savings Target From BG Group Deal
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
Shell to Quit Up to 10 Countries, Sell 10% of Oil and Gas Assets
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 crude oil to remain pressured as French strikes continue
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
Shell Deepens Spending Cuts, Promises Higher Savings From BG
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
Pound Tumbles as Much as 1.1% After Polls Show Brexit Favored
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
EDF Energy starts construction of Blyth offshore wind farm in UK
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
Baseline sought for British fracking efforts
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