United Kingdom

London-listed oil services company Petrofac has announced that it is spinning off its UK upstream assets and combining them with Lundin Petroleum's into a new North Sea-focused... 2010-03-04

British major BP has outlined a strategy of increasing annual profits by US$3bn within two to three years.

British newspaper the Financial Times (FT) reported on February 28 that Anglo-Dutch major Royal Dutch Shell is planning to sell its European liquefied petroleum gas (LPG) business,... 2010-03-01

The UK's Department for Energy and Climate Change (DECC) has granted a licence to Gateway Storage Company to build a new gas storage facility in the east Irish Sea.

British unconventional gas developer IGas Energy has announced that it has identified a potentially hydrocarbon-bearing shale resource covering up to 1,195sq km in its exploration... 2010-02-16

Anglo-Dutch major Royal Dutch Shell is to sell its North Sea operations as part of a plan to offload US$10bn worth of assets, according to a report in British newspaper the Sunday... 2010-02-15

British newspaper the Financial Times (FT) has reported that oil services provider and producer Petrofac is considering spinning off its North Sea oil and gas assets into a separate... 2010-02-01