An Expensive Sunset for the Brent Oil Field

LONDON — Cleaning up an oil field in a forbidding environment like the North Sea may be almost as formidable a task as developing one, and in the coming years, those waters are likely to serve as a laboratory for what happens when the useful lives of oil fields expire.

Leading oil industrialist accuses BP of spurning its lead role in the North Sea

Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.

UK oil and gas industry revamp to add £200bn to economy

The UK government will fast-track the implementation of retired businessman Sir Ian Wood's recommendations for maximising the UK's remaining offshore oil and gas resources.

Big Six energy provider RWE halves investment in renewables

RWE, one of Britain's biggest renewable energy investors, is planning to significantly scale back its spending in the UK and expects to sell off wind farms and a major biomass plant.

US shale gas plan to make Grangemouth profitable

Britain is to see its first deliveries of US shale-derived gas in 2016 when Ineos completes a £300m investment programme at its Grangemouth plant in Scotland.

WTI Oil Rises to One-Month High on Cyprus

West Texas Intermediate crude rose to a one-month high as Cyprus agreed with creditors on a bailout, reducing concern that Europe’s debt crisis will deepen.

Wholesale gas prices soar in Britain after pipeline is forced to close

British wholesale gas prices hit a record high on Friday after the failure of a vital import pipeline demonstrated the vulnerability of the nation's energy supply to external shocks.

North Sea oil production 'could rise in short-term'

With high oil prices of at least $90 per barrel, output from the UK could rise to 1.4m barrels per day (bpd) in 2017 as large new fields are developed, the University of Aberdeen study found.

George Osborne's North Sea oil tax breaks show Britain is open for business

In times of economic hardship, the UK oil and gas industry has been – and can continue to be – a key engine for growth.