Latest news
UK Oil Production Up 9% In First Quarter
The UK’s crude and natural gas liquids (NGL) production increased by 9 percent annually to reach 1.18 million bpd in the first quarter of 2019, S&P Global Platts quoted statistics from the UK Department of Business, Energy & Industrial Strategy as showing on Thursday.
read more... 31/05/2019
Saudi Taqa sees $1.2bn in America, Middle East oil deals
Saudi Arabia is trying to develop manufacturing, services and technology businesses to move beyond crude oil sales for most of its revenue
read more... 29/04/2019
ConocoPhillips to sell UK oil and gas business for $2.68bn
US energy giant ConocoPhillips is selling its oil and gas business in the UK to Chrysaor Holdings in a deal worth $2.68 billion (£2bn).
read more... 19/04/2019
Renewables provided third of all UK power in 2018
That’s according to a new statistical report published by the Department for Business, Energy and Industrial Strategy (BEIS), which details energy statistics from across the fourth quarter of the year and provisional annual data for the whole of 2018.
read more... 29/03/2019
Daily (26.03.2019): NBP spot down by 2.5% on Monday due to stronger Norwegian flows
Oil prices had a mixed evolution on Monday, amid concerns over a potential decline in crude supply ahead of the weekly U.S. inventories data. WTI futures traded 0.4 % down at 58.82 USD/bbl. In the meantime, the Brent crude price edged 0.3% up at 67.21 USD/bbl, supported by steady OPEC’s production cuts and an improved German business climate index which eased the prospect of a recession in Europe's biggest economy.
read more... 26/03/2019