| 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 |
Updated :
SINGAPORE, March 11 (Reuters) - Oil fell below $82 on Thursday pulling prices from an eight-week high a day ago on expectations that OPEC members would keep pumping crude above quotas in the second quarter. Falling fuel inventories in the United ...
Publ.Date : Thu, 11 Mar 2010 05:16:00 GMT
NEW YORK, March 9 (Reuters) - Chevron Corp ( CVX.N ), the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year. "Downstream ...
Publ.Date : Tue, 09 Mar 2010 14:01:00 GMT
Since October last year, the U.S. dollar price of oil has been moving within a trading range of roughly $70 to $80, though it has briefly risen slightly above that range. After the markets interpreted the employment report in a bullish way, it is ...
Publ.Date : Sat, 06 Mar 2010 05:29:00 GMT
BRASILIA, March 10 (Reuters) - Brazil's lower house of Congress approved late on Wednesday an amendment to a government oil reform bill that could deprive the biggest oil producing states of a large chunk of royalty revenues. The amendment, which was ...
Publ.Date : Thu, 11 Mar 2010 02:10:00 GMT
NEW YORK (Reuters) - Chevron Corp ( CVX.N ), the second-largest U.S. oil company, put some of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year. As it concentrates ...
Publ.Date : Tue, 09 Mar 2010 23:34:00 GMT
... 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
Average quality rating by the Stockhouse community. North Sea field developer Xcite Energy has signalled plans to raise up to £24.9 million through new share placings to fund an appraisal well on the UK Bentley heavy oil field. Xcite is planning to ...
Publ.Date : Thu, 11 Mar 2010 05:09:00 GMT
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| United Kingdom Oil & Gas
Industry Links |
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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
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