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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.
 
Current United Kingdom Oil Industry News
UK oil, - Bing News
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Premier Oil makes petroleum discovery in North Sea - MENAFN
(MENAFN - ProactiveInvestors - UK) Midcap oil and gas producer Premier Oil (LSE: PMO) achieved the primary exploration target of the 34/5-1 S wildcat well at production license 374 S in the Norwegian portion of the North Sea by making a petroleum ...
Publ.Date : Thu, 11 Mar 2010 12:54:00 GMT

BP in $7bn deal to explore for oil in Brazil - BBC Business
It will pay US firm Devon Energy $7bn (£4.7bn) in cash for its Brazilian assets, as well as US deepwater sites in the Gulf of Mexico. The deal includes 10 exploration "blocks" in Brazil, which has some of the world's largest deepwater oil fields. BP ...
Publ.Date : Thu, 11 Mar 2010 18:09:00 GMT

BP strikes $7bn Brazil oil deal - Financial Times
Under the terms of the deal, BP will also expand its operations in the Gulf of Mexico, where it is already the largest producer of oil and gas, and increase its interests in Azerbaijan. In addition, the UK oil and gas exploration company will receive ...
Publ.Date : Thu, 11 Mar 2010 16:43:00 GMT

Government must 'take back control' of North Sea oil ... - The Guardian
... to the Opec oil cartel, wants a state-controlled strategic offshore hydrocarbons authority to ensure big oil companies work more in the national interest. In a new book soon to be published, he argues: "UK oil and gas production has been ...
Publ.Date : Sun, 07 Mar 2010 18:35:00 GMT

UPDATE 8-Oil slips below $82; China inflation spikes - Reuters UK
NEW YORK, March 11 (Reuters) - Oil slipped below $82 a barrel on Thursday, retreating from an eight-week high hit the previous session, as a spike in Chinese inflation fed concern that potential monetary tightening could dent energy demand in the ...
Publ.Date : Thu, 11 Mar 2010 18:52:00 GMT

Gabon oil union threatens strike in gov't dispute - Reuters UK
LIBREVILLE, March 11 (Reuters) - Gabon's main oil union said it may begin a strike as early as Saturday due to a dispute with the government over whether energy should be on a list of sectors required to provide uninterrupted minimal service. The ...
Publ.Date : Thu, 11 Mar 2010 17:40:00 GMT

BP announces deal to search for oil off Brazilian coast - In the News
Thursday, 11, Mar 2010 12:40 By inthenews.co.uk staff. Oil giant BP has announced today it has secured a deal to begin deepwater offshore exploration for oil off the Brazilian coast. The firm said it would pay US firm Devon Energy £4.7 billion for ...
Publ.Date : Thu, 11 Mar 2010 18:38:00 GMT

Table Of UK & Norway Oil, Gas Field Outage Schedules - NASDAQ
LONDON -(Dow Jones)- The following table lists unplanned and planned outages at U.K., Norwegian and Danish oil and natural gas fields in 2009 and 2010 as reported by Dow Jones Newswires from both official and unofficial sources. Operator Field ...
Publ.Date : Wed, 10 Mar 2010 17:20:00 GMT

Changes in crude oil market affect vegoils - Hindu Business Line
... is a normal market, currently high prices are lifting supplies while slowing demand; and the development will have implications for palm oil this year, according to Dr James Fry, Chairman of the UK-based global consultancy LMC International Ltd ...
Publ.Date : Thu, 11 Mar 2010 18:52:00 GMT

Oil pauses above $82; China inflation spikes - The Guardian
NEW YORK, March 11 (Reuters) - Oil settled nearly unchanged above $82 a barrel on Thursday amid uncertainty about whether China will tighten monetary policy, which could dent energy demand in the world's second-largest oil consumer. Crude received ...
Publ.Date : Thu, 11 Mar 2010 21:15:00 GMT
United Kingdom Oil & Gas Industry Links


United States Government

United States Department of Energy - Energy Information Administration - Country Brief - UK


CIA World Factbook on UK

U.S. State Department's Consular Information Sheet - UK

Associations and Institutions

Association for the Conservation of Energy

British Energy Group Pic

Energy Institute


Governmental Agencies

The Department of Trade and Industry - Oil & Gas Directorate

Department of Trade & Industry's Energy Group

Oil & Gas Industry News
 
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