LONDON – Britain has granted Russia’s Gazprombank and its subsidiaries a licence for payments until the end of May despite sanctions in order to ensure gas supplies to the European Union, a Treasury document showed on Friday.
The licence …
The British government said on Monday it will establish a domestic emissions trading scheme (UK ETS) from Jan. 1 to replace the current EU regime, as it presented its long-awaited white paper on energy policy.
Britain exits the EU …
U.S. Secretary of State Mike Pompeo called on the European Union Wednesday to condemn Iran for delivering some 2.1 million barrels of crude oil to Syria after reassuring Britain it would not do so.
The Adrian Darya 1, formerly known …
An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next …
From CNBC
An Iranian oil tanker held in Gibraltar since early July has been officially released by local authorities, although it may not sail if a U.S. application to seize the vessel proves successful.
On July 4, Gibraltar authorities with …
From Reuters
The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a …
Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about …
From Reuters
Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.
During the session, Brent traded …
From Reuters
Britain on Monday joined the United States in a maritime security mission in the Gulf to protect merchant vessels travelling through the Strait of Hormuz after Iran seized a British-flagged vessel.
British officials stressed that there was no …
The top executive of British-owned Centrica, owner of Direct Energy, will be stepping down after what the company describes as an exceptionally challenging six months which included outages at its nuclear sites, pension deficits and low …
From Reuters
Britain told Iran on Monday that if it wants to “come out of the dark” it must follow international rules and release a British-flagged oil tanker seized by its forces in the Gulf.
Iranian commandos seized the Stena …
From Reuters
Saudi Arabia’s cabinet said on Tuesday that Iran’s interception of commercial vessels in Gulf waters, including its seizure of a British tanker, violated international law and must be prevented.
The Saudi remarks came after Britain called on Monday …
EU, 3 nations reject Iran demands over nuclear deal, U.S. sanctions
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Norwegian oil giant Equinor AS is doing something few companies have dared to do ahead of the U.K.’s planned exit from the European Union. It’s investing in Britain.
The state-backed energy company formerly known as …
From Sputnik News
Amid Brexit-related concerns and a nascent resurgence in domestic manufacturing, the UK moves to resume shale gas production in a bid for a greater energy sustainability. …
The UK government released an industrial strategy white paper this week, giving a small hint about the future of fracing with the British Empire. The white paper revealed that the UK government is still considering shale …
If Brent crude, the North Sea benchmark, remains in the $60 to $70 range, at least 85% of British offshore oil and gas resources in the …
After an initial consultation, Britain’s Environment Agency (EA) said it is “minded to grant” privately-held energy firm Cuadrilla permits to frac during exploration for shale gas in Lancashire, England, reports the BBC.
The agency has issued a “draft decision” …
