The ‘F word’ is a no-no in London

December 5, 2017 0

London’s mayor Sadiq Khan expects the UK’s capital population to reach 10.5 million by 2041, but the increasing energy demand to accompany such growth won’t be met by domestically produced shale oil and gas, he said last week.

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UK government closes fracking loophole

November 30, 2017 0

The UK government said on Wednesday it has closed a loophole in legislation concerning onshore oil and gas exploration through hydraulic fracturing with a new Direction presented to the Parliament, Kallanish Energy reports.

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BP, Serica announce $397 million deal in North Sea

November 22, 2017 0

British oil major BP announced on Tuesday it’s selling a package of its interests in the Bruce assets in the North Sea to London-based Serica Energy for a total of £300 million ($397.3 million), Kallanish Energy reports.

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Portugal to phase out coal-fired power by 2030

November 21, 2017 0

Portugal has confirmed it will close its two remaining coal-fired power plants before 2030, phasing out electricity generation from the so-called dirty fossil fuel, as the country joins the UK and Canada in a bid to spread international action against carbon emissions.

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Aramco plans to increase CAPEX by 10%: official

November 10, 2017 0

The world’s largest oil company, Saudi Aramco, expects to increase its capital spending budget by nearly 10% in its next financial year, senior vice president of technical services Ahmad al-Sa’adi said on Thursday.

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UK consumers paying excessively to meet climate targets

October 31, 2017 0

Energy prices in the UK are “too high” and in fact, “significantly higher than it needs to be” to meet the carbon budgets and the country’s climate change targets, according to an independent review published last week by Oxford University professor Dieter Helm.

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