Shell weighs North Sea assets for potential sales
Shell has said it plans to raise $30bn from asset sales worldwide as it moves to offset the cost of the BG acquisition, completed last month just weeks after oil Continue Reading
Dyson developing an electric car
Dyson is developing an electric car at its headquarters in Wiltshire with help from public money, according to government documents. The company, which makes a range of products that utilise Continue Reading
Oil Firms Slow Exploration to Weather Low-Price Era
The world’s biggest oil companies are draining their petroleum reserves faster than they are replacing them—a symptom of how a deep oil-price decline is reshaping the energy industry’s priorities. In Continue Reading
‘Game-Changing’ Horse Hill-1 Well Produces ‘North Sea-like’ Oil Flows
UK Oil & Gas Investments plc announced Monday that the final production test at the Horse Hill-1 discovery, onshore the UK’s Weald Basin, flowed oil at a stable rate of Continue Reading
Commercial potential for British shale oil
British energy company said inland shale oil basin has obvious commercial potential. Photo courtesy of U.K. Oil & Gas Investments LONDON, March 1 (UPI) — A British company tapping into Continue Reading
British fracking surveys may address tremors
The British Geological Survey said Tuesday it’s uncovered data that could help address concerns about seismic activity associated with hydraulic fracturing. BGS last year took the lead in a consortium Continue Reading
Premier Oil’s Losses Widen After Write-Downs
Premier Oil PMO -5.45 % PLC, one of the U.K.’s biggest independent oil companies, on Thursday reported a wider full-year loss after it wrote down the value of some of Continue Reading
British oil and gas production rises
Total British net energy production increased last year for the first time in nearly 20 years in part because of new gas output, the government said. The British government released Continue Reading
UK crude oil output surges 14% in 2015, first rise since 1999
Crude, NGL exports increase by 6.2% UK crude oil production surged by almost 14% in 2015 to 42.640 million mt, or 882,000 b/d, the first significant annual increase since 1999, Continue Reading
Oil Price Crash Claims U.K. North Sea Victim First Oil Expro
The slump in oil prices claimed a victim in the North Sea as closely held First Oil Expro Ltd. went into administration. KPMG LLP was appointed administrator of First Oil Continue Reading