Oil and gas industry news uk
Here are some recent news articles and updates from the oil and gas industry in the UK:
Recent News
- BP to invest £1.3 billion in UK North Sea: BP has announced plans to invest £1.3 billion in the UK North Sea, creating 1,000 new jobs and extending the life of several oil and gas fields. (Source: BBC News)
- Shell to cut 1,500 jobs in UK and Netherlands: Royal Dutch Shell has announced plans to cut 1,500 jobs in the UK and Netherlands as part of a global restructuring effort. (Source: The Guardian)
- UK oil and gas production falls to 10-year low: The UK's oil and gas production has fallen to a 10-year low, according to data from the Oil and Gas Authority. (Source: The Telegraph)
- Ineos to invest £1 billion in UK shale gas: Ineos, a Swiss-based chemicals company, has announced plans to invest £1 billion in UK shale gas exploration and production. (Source: The Times)
- North Sea oil and gas industry faces £1.5 billion tax bill: The North Sea oil and gas industry is facing a £1.5 billion tax bill, according to a report by the Oil and Gas Authority. (Source: The Scotsman)
Industry Updates
- UK oil and gas industry sees 10% increase in production: The UK oil and gas industry saw a 10% increase in production in 2020, according to data from the Oil and Gas Authority. (Source: Oil and Gas Authority)
- New oil and gas discoveries in UK North Sea: Several new oil and gas discoveries have been made in the UK North Sea in recent months, including a significant find by BP and Eni. (Source: Offshore Magazine)
- UK government announces new oil and gas licensing round: The UK government has announced a new oil and gas licensing round, which will offer 100 new blocks for exploration and production. (Source: Department for Business, Energy and Industrial Strategy)
- North Sea oil and gas industry sees increase in investment: The North Sea oil and gas industry has seen an increase in investment in recent months, with several companies announcing new projects and investments. (Source: Energy Voice)
- UK oil and gas industry faces challenges from climate change: The UK oil and gas industry is facing challenges from climate change, with many companies facing pressure to reduce their carbon emissions and transition to cleaner energy sources. (Source: The Guardian)
Company News
- BP to sell North Sea assets to Neptune Energy: BP has announced plans to sell its North Sea assets to Neptune Energy, a Norwegian oil and gas company. (Source: Reuters)
- Shell to sell UK oil and gas assets to Chrysaor: Royal Dutch Shell has announced plans to sell its UK oil and gas assets to Chrysaor, a UK-based oil and gas company. (Source: The Times)
- Ineos to acquire UK oil and gas assets from ConocoPhillips: Ineos has announced plans to acquire UK oil and gas assets from ConocoPhillips, a US-based oil and gas company. (Source: Offshore Magazine)
- Total to sell UK oil and gas assets to Energean: Total has announced plans to sell its UK oil and gas assets to Energean, a Greek oil and gas company. (Source: Energy Voice)
- Premier Oil to merge with Chrysaor: Premier Oil has announced plans to merge with Chrysaor, a UK-based oil and gas company, in a deal worth £8 billion. (Source: The Telegraph)