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 Impero near the Strait of Hormuz, the world’s most important waterway for oil shipments, on July 19. That was two
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 for a European-led naval mission to ensure safe shipping through the Straight of Hormuz, the world’s most important oil artery.
EU, 3 nations reject Iran demands over nuclear deal, U.S. sanctions
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 Statoil has an ambitious plan for investments in the U.K.’s oil-rich North Sea. When much of the U.K. economy is on ice, Equinor is hiring
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. British shale producer Cuadrilla has started natural gas fracking in Lancashire this week after a local judge ruled its planning is adequate and in line with environmental and
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 as an industrial resource. “The emerging shale gas industry offers the prospect of creating jobs, enhancing the competitiveness of downstream
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 planning stages are at risk of being dropped, according to Wood Mackenzie. That could mean the abandonment of $27 billion
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” outlining the conditions under which they would allow fracing at the Roseacre Wood site in Lancashire. A second round of consultation
