U.K. Region Approves First Fracking Permit Since 2011
An English county government on Monday approved an application for what could be the first permit to frack for shale gas in Western Europe since 2011. The North Yorkshire County Continue Reading
BP’s Oil Search Strategy Shrinks With Budget Cuts
The surprise departure of BP’s exploration boss has turned the spotlight on an oil search strategy that, after years of spending cuts, is focusing mainly on expanding existing fields rather Continue Reading
BP’s oil search strategy shrinks with budget cuts
The surprise departure of BP’s exploration boss has turned the spotlight on an oil search strategy that, after years of spending cuts, is focusing mainly on expanding existing fields rather Continue Reading
BP doubles stake in North Sea gas field
BP logo is seen at a fuel station of British oil company BP in St. Petersburg, October 18, 2012. Oil major BP Plc said it doubled its stake in the Continue Reading
British share of renewables setting records
A provisional estimate from the British government shows the amount of electricity generated from renewable energy set a record last year. A monthly update from the British Department of Energy Continue Reading
After British corruption slip, Nigeria demands stolen assets back
Nigerian President Muhammadu Buhari demanded on Wednesday that Britain return assets held there by corrupt Nigerians, pointing the finger back at London after Britain’s prime minister suggested Nigeria was “fantastically Continue Reading
Shell’s Profits Plunge 83%
More earnings reports are trickling in. Royal Dutch Shell is the last oil major to report first quarter earnings, and like its peers, the Anglo-Dutch company saw its profits tumble. Continue Reading
Shell Targets Spending as Profit Plunges 83%
Royal Dutch Shell PLC said Wednesday that it would bring the hammer down harder on spending as it contends with a nearly two-year slump in oil prices that dragged the Continue Reading
Energy and Climate Change Committee backs UK’s draft legislation on energy – Electric Power
The Energy and Climate Change Committee backed the UK government’s draft legislation on energy but urged the government and Ofgem to keep decision-making processes transparent. In a report published on Continue Reading
What It Takes for Royal Dutch Shell to Break Even
Oil giant Royal Dutch Shell’s chief financial officer Simon Henry said Wednesday the company would… Royal Dutch Shell sees itself as the Mario Draghi of oil companies. While rivals set Continue Reading