UK | Egypt Oil & Gas - Part 7
Faroe Petroleum Announces New Oil&Gas Discovery
The Aberdeen-based Faroe Petroleum has expanded its North Sea assets after discovering a new exploration oil and gas well in the Norwegian North Sea.
UK Oil&Gas to Acquire 100% Stake in Weald Basin
K Oil & Gas Investments (UKOG) has announced that it had agreed with Celtique Energie Petroleum and Magellan Petroleum to acquire 100% ownership of the 300 sq km Weald Basin (PEDL234)
UK’s Hardy Mulls Abandoning Oilfield in India
UK’s upstream international oil and gas company, Hardy Oil and Gas, has threatened to abandon Puducherry’s PY-3 oilfield if the Indian government and field licensee, the Indian Oil and Natural Gas Corporation (ONGC) ...
UK Expected to Lay Off 120,000 Oil Workers by End 2016
The aftermath of the international downturn in the oil and gas industry, in the UK – which has been struggling with this sector since mid 2014 – is expected to lead to 120,000 job losses in the sector by the end of 2016
UK Oil and Gas Firms Plan to Cut More Jobs
About 32% of UK's oil and gas companies, more than four in 10, are planning to cut more jobs in 2016 in response to the downturn in the industry. UK Tax From North Sea Turns Negative for First Time
The United Kingdom’s net revenues from taxes levied on oil and gas companies operating on or near the North Sea turned negative for the first time since records began in 1968.
BP Starts Water Injection Project In Gulf of Mexico
The British oil giant BP has begun a water injection project at its Thunder Horse platform in the US Gulf of Mexico. The development is part of BP's plan to add about 800,000boe/d from worldwide projects starting bet ...
UK Firm to Lead Renewables Effort in Cuba
Leni Gas Cuba has inked a deal with UK solar power and storage specialists CFS (Commercial Funded Solar) to assess the potential for installation and operating renewable energy and hybrid power solutions in Cuba.
