Post Tagged with: "Britain"

Pompeo: Iran lied to Britain, sold oil to Syria

Pompeo: Iran lied to Britain, sold oil to Syria

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 …

October 10, 2019 - 9:17 am Closing Bell Story‎, International, Politics & Opinions
Iranian Tanker Sought by US Heading Toward Greece

Iranian Tanker Sought by US Heading Toward Greece

From The Houston Chronicle


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 …

Gibraltar Releases Captured Iranian Oil Tanker, US Makes Immediate Request to Seize Vessel

Gibraltar Releases Captured Iranian Oil Tanker, US Makes Immediate Request to Seize Vessel

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 …

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

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 Says it Expects Tanker Held by U.K. to Be Released Soon

Iran Says it Expects Tanker Held by U.K. to Be Released Soon

From The Houston Chronicle


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 …

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

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 …

UK Joins United States for Maritime Security Mission in Gulf

UK Joins United States for Maritime Security Mission in Gulf

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 …

Centrica CEO to Step Down; Sell Oil and Gas Business

Centrica CEO to Step Down; Sell Oil and Gas Business

From The Houston Chronicle


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 …

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

From Reuters


A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares.

BP’s second quarter contrasts with Total (TOTF.PA) and …

Britain Tells Iran: Release Ship to ‘Come Out of the Dark’

Britain Tells Iran: Release Ship to ‘Come Out of the Dark’

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 …

Muhammad bin Salman, Deputy Crown Prince of Saudi Arabia
Photo Credit: The Economist

Saudi Arabia Urges Global Community to Deter Maritime Trade Disruptions

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, Britain, France, Germany Nix Iranian President’s Demand they Must Protect its Oil Exports

EU, Britain, France, Germany Nix Iranian President’s Demand they Must Protect its Oil Exports

EU, 3 nations reject Iran demands over nuclear deal, U.S. sanctions

Brexit or Not, Britain’s Oil and Gas Business Is Booming

Brexit or Not, Britain’s Oil and Gas Business Is Booming

From The Wall Street Journal

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

December 13, 2018 - 6:00 am Closing Bell Story‎, Energy News
UK Resumes Fracing After 7-Year Ban, Eyeing Energy Independence

UK Resumes Fracing After 7-Year Ban, Eyeing Energy Independence

EY study shows huge job, economic boost to Britain from fracing

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. …

Shale in the United Kingdom

Shale in the United Kingdom

Current production and consumption

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 …

Low Prices Threaten North Sea Drilling

Low Prices Threaten North Sea Drilling

Falling oil prices threaten offshore oil and gas industry’s profitability in Britain’s North Sea

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 …

December 30, 2014 - 6:20 pm International, Offshore, Oil and Gas 360 Articles
Environment Agency ‘Minded to Grant’ Frac Permits in Britain

Environment Agency ‘Minded to Grant’ Frac Permits in Britain

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” …

November 25, 2014 - 1:28 pm Fracing, International, Oil and Gas 360 Articles