Post Tagged with: "U.K."

Iran Seizes Two More Tankers as Strait of Hormuz Tension Escalates

Iran Seizes Two More Tankers as Strait of Hormuz Tension Escalates

By Tyler Losier, Energy Reporter, Oil & Gas 360

British and Liberian-flagged vessels seized by Iran, who President Trump calls “nothing but trouble”
Iran has seized two oil tankers – one British-flagged and one Liberian-flagged – in the Strait of

Marathon Oil Closes on Sale of U.K. Business

Marathon Oil Closes on Sale of U.K. Business

Marathon Oil Closes on Sale of U.K. Business

Source: Ithaca Energy Limited

Ithaca Energy Acquires Chevron North Sea Limited for $2 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Ithaca will now be second largest producer in North Sea
Ithaca Energy Limited will be acquiring Chevron North Sea Limited (stock ticker: CVX) for $2 billion, adding 10 producing field interests

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

PM Theresa May’s snap election backfires in the U.K., weakening the pound; dollar strengthens; oil drops

A snap election in the U.K resulted in a hung parliament, weakening the governing Conservative’s position ahead of Brexit. Conservatives won 318 seats with …

Oil in the U.K.: Largest Uptick in Annual Production Since 1998

Oil in the U.K.: Largest Uptick in Annual Production Since 1998

Production in the U.K increased 100 MBOPD in 2015

Petroleum production in the U.K. showed an increase in 2015 – after many years of steady decline. Fields brought online in the second half of 2014, along with some brought on …