British firm buys control of Libyan oil field company
British company Heritage Oil PLC said today that it has acquired a controlling interest in a Libyan company licensed to provide oil field services including offshore and land-based drilling.
View Article4 oil majors in $7.1 billion North Sea investment
Four oil companies say they have won British government approval for a $7.1 billion investment in developing a major oil field in the North Sea.
View ArticleGas fracking probably caused U.K. earthquakes
Two small earthquakes near Blackpool in northwest England earlier this year were probably caused by hydraulic fracturing, a technique of grinding underground rocks to extract natural gas.
View ArticleTony Blair: Oil boom can ease West’s dependency on Middle East
Former British Prime Minister Tony Blair spoke on the future of global energy demands at the KPMG Global Energy Conference in Houston on Wednesday.
View ArticleBP asks Texas judge to dismiss UK suits
Attorneys for BP asked a federal judge on Friday to dismiss UK investors seeking damages in Texas for the Deepwater Horizon disaster.
View ArticleSupply vessel hits Apache platform; company says no injuries or spills
Apache said the platform has been shut down but there hasn't been any leak of oil or gas. It's unclear when production will resume.
View ArticleBG Group announces production from North Sea field
The Knarr oil field was discovered in 2008, and BG Group estimaes it has 80 million barrels of oil equivalent in gross recoverable reserves.
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