LONDON — British regulators on Wednesday gave approval for Norway’s energy giant Equinor
to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands.
UK company Trinity Exploration & Production has found what it describes as “virgin oil in a super-mature basin” onshore Trinidad and Tobago with over 290 feet of net oil pay at the Jacobin-1 well.
he UK government has announced plans to allow a big expansion of drilling for oil and gas in the North Sea in a move that environmental activists have described as a taking a “wrecking ball” to the country’s climate commitments.
British Gas owner Centrica has signed a £6.2bn ($8bn) mega deal with US fossil fuel producer Delta Midstream, in a welcome boost for the UK’s power supplies.
The UK government has announced new oil and gas tax changes, which it says are set to protect energy security and British jobs.
Ministers are weighing up a new gasfield but is more UK fossil fuel production necessary or desirable given its climate commitments?
The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed Rosebank oil and gas project, City A.M. understands.
The UK oil and gas market has become extremely fragmented.
That’s what BofA Global Research stated in a new report sent to Rigzone, adding that the top five operators account for 35 percent of total output, compared to more than 65 percent in Norway
Drivers in northeast England are feeling the biggest crunch, while Londoners are using less of their wages than rest of the country.