The U.K.’s decades-old offshore oil-and-gas industry is perched “at the edge of a chasm” amid a historic rout in oil prices that is pushing almost half of the sector’s producing Continue Reading
Oil and gas producers in the U.K. North Sea will spend 40 percent less this year than in 2014 as low crude prices force them to tighten budgets, the industry’s Continue Reading
U.S. crude oil lingered below $30 a barrel, souring the outlook for Asian equities, as the pound slid amid a split in the U.K.’s ruling political party over whether Britain Continue Reading
A wind farm here, along the River Trent, cranks out enough clean electricity to power as many as 57,000 homes. Monitored remotely, the windmills, 34 turbines each about 400 feet Continue Reading
A British energy company said Wednesday shale oil continued to flow naturally to the surface, a day after it declared high rates from its Horse Hill license. Light, sweet crude Continue Reading
British energy explorer U.K. Oil & Gas Investments Plc gained the most in 10 months after reporting that oil flowed “naturally” to the surface from 900 meters (2,953 feet) below Continue Reading
In the three decades since BG sprung out of the U.K.’s struggling state-run gas firm, it has become an international energy company with assets including highly prized oil fields in Continue Reading
One of the last big North Sea projects sanctioned under high oil prices has begun pumping natural gas, highlighting an unexpected boom in U.K. energy production that analysts say is Continue Reading
European renewables company DONG Energy said it made a final investment decision for its Hornsea project, the world’s largest offshore wind farm ever planned. DONG said it was moving forward Continue Reading
Royal Dutch Shell ( RDSa.L ), Europe’s largest oil company, reported its lowest annual income in at least 13 years on Thursday, vowing to take further steps to weather the Continue Reading
