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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
Venezuela to sell oil to Portugal under energy accords - MSN UK 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

Dana Petroleum makes oil discovery at East Rinnes field in UK North ... - CNBC
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

Malaysian Stocks - Market seen weak, palm oil in focus - Reuters UK
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

US STOCKS-Oil price, financials hit Dow; techs lift Nasdaq - Guardian Unlimited
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

Overview: UK data highlight problems for central banks - Financial Times
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

Bush seeks Middle East peace deal - MSN UK News
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

US STOCKS-Dow ends down with oil near $127, Fed sees trouble - Guardian Unlimited
(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

Anger over South Downs oil rig - Daily Telegraph
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
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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