| United Kingdom Oil Industry
News |
The UK has proven reserves of oil amounted to 0.5 billion metric
tons, with an estimate of up to 1.6 billion metric tons which have
yet to be discovered, and may exist in areas of the UK continental
shelf. The UK now exports quantities of crude oil and is acknowledged
for expertise in the area of deep-water technology - using advanced
engineering techniques for extracting a higher proportion of oil
from each field.
The UK Continental Shelf (UKCS) is facing significant challenges
as the province matures. Recovering oil and gas from the North Sea
and the Atlantic Margin is a highly technical, complex, dangerous
and expensive task. |
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| Current United Kingdom
Oil Industry News |
Venezuela will start selling oil to Portugal under a series of economic and energy accords between the two countries. Venezuelan President Hugo Chavez says his country will sell Portugal 30,000 barrels of crude oil a day. Venezuela plans to allow ... Publ.Date : Tue, 13 May 2008 19:53:00 GMT
LONDON (Thomson Financial) - Dana Petroleum Plc. said it has discovered oil at its East Rinnes oil field in block 210/24a in the UK Northern North Sea. The company said initial analysis indicates that the East Rinnes oil is similar to the high ... Publ.Date : Mon, 12 May 2008 06:47:00 GMT
KUALA LUMPUR, May 14 (Reuters) - Malaysian palm-oil stocks are expected to rally on Wednesday in a largely lacklustre market after crude oil prices hit another record high. Palm oil, used as an alternative fuel to petroleum, is down from its record ... Publ.Date : Wed, 14 May 2008 00:11:00 GMT
NEW YORK, May 13 (Reuters) - Blue-chip stocks declined on Tuesday as oil rose to another record and underscored concerns about inflation, while the Federal Reserve chairman said financial markets are still troubled. Crude oil futures came within a ... Publ.Date : Tue, 13 May 2008 20:50:00 GMT
Inflation concerns remained at the top of the financial market agenda on Tuesday as very robust UK consumer price data highlighted the problems facing central banks around the world and oil prices held near record highs. UK consumer price inflation ... Publ.Date : Tue, 13 May 2008 19:17:00 GMT
US President George Bush has expressed some optimism that an Israeli-Palestinian peace agreement would be struck before his term ends while holding out little hope for a major breakthrough when he arrives in Israel. His Secretary of State ... Publ.Date : Tue, 13 May 2008 23:49:00 GMT
(Updates to 4 p.m.) NEW YORK, May 13 (Reuters) - Blue-chip stocks declined on Tuesday as oil rose to another record, underscoring concerns about inflation, and the Federal Reserve chairman said financial markets are still troubled. Based on the ... Publ.Date : Tue, 13 May 2008 20:07:00 GMT
A council has infuriated conservation groups by giving the go ahead for oil exploration in the South Downs. The South Downs extend from the eastern side of Hampshire through to West Sussex, Brighton and Hove and East Sussex The exploratory oil rig ... Publ.Date : Tue, 13 May 2008 23:56:00 GMT
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| United Kingdom Oil & Gas
Industry Links |
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