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Archive | Oil and Petroleum

Tags: budget, fuel, fuel poor, Indonesia, Jakarta, price rise, protest, Susilo Bambang Yudhoyono

Thousands protest in Indonesia over fuel price hikes

Posted on 19 June 2013 by Priyanka Shrestha

Thousands of protesters took to the streets across Indonesia earlier this week against the Government's plans to increase fuel prices in the country. Reports claim the protesters clashed with police outside the national parliament in the capital city of Jakarta (pictured)... Read More

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Tags: Aberdeen, bmi regional, gas, Kristiansund, North Sea, Norway, oil, Scotland

bmi adds oil and gas flights between Scotland and Norway

Posted on 18 June 2013 by Vicky Ellis

From one oil and gas hotspot to another - the UK airline bmi is launching new scheduled flights between Aberdeen in Scotland and Kristiansund in Norway. The first direct, scheduled air link between the two cities will begin at the end... Read More

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Tags: ANP, auction, brazil, government, Libra, Magda Chambriard, oil field

Brazil to offer ’30% of Libra oil field profits’

Posted on 17 June 2013 by Priyanka Shrestha

Brazil could offer as much as a 30% take to firms for developing its largest oil field, reports claim. The news follows the nation's announcement last month to auction the rights to explore and develop blocks in the Libra... Read More

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Tags: Ed Davey, gas, North Sea, oil, Sir Ian Wood, UK, UKCS

UK hopes to squeeze out benefits with oil and gas review

Posted on 10 June 2013 by Vicky Ellis

In an attempt to squeeze out as much economic benefit as possible from the region’s oil and gas, today the Government set up a review of the UK Continental Shelf (UKCS). It’s the first time for more than 20 years the Government... Read More

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Tags: 3D printing, funding, investment, manufacturing, Research Councils, Technology Strategy Board, TSB, Vince Cable

£14.7m share for 3D printing in energy sector

Posted on 10 June 2013 by Priyanka Shrestha

Businesses in the UK will benefit from a £14.7 million investment to develop 3D printing projects for the energy and healthcare industries. The Technology Strategy Board and Research Councils are investing £8.4 million for 18 research and development projects –... Read More

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Tags: Alaska, BP, drilling rigs, Governor Sean Parnell, Janet Weiss, North Slope, Prudhoe Bay, tax cut, tax policy

BP to invest $1bn in Alaska after oil tax reform

Posted on 06 June 2013 by Priyanka Shrestha

BP is set to add $1 billion (£0.65bn) in new investment and two drilling rigs to its Alaska North Slope fields over the next five years following a new oil tax policy. Alaska Governor Sean Parnell championed a tax cut in... Read More

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Tags: AltAir Fuels, aviation, Biofuel, California, emissions, Jimmy Samartzis, Los Angeles, United Airlines

United Airlines to fly on low carbon biofuels

Posted on 05 June 2013 by Priyanka Shrestha

United Airlines announced it has agreed to buy low carbon renewable jet fuel for flights from its Los Angeles International Airport produced by a local refinery. AltAir Fuels will retrofit part of an existing petroleum refinery near California to become a... Read More

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Tags: Navigant, Rick Smead, shale gas, shale oil, UGOS

US ‘could exceed Saudi Arabia on oil’

Posted on 05 June 2013 by Vicky Ellis

The United States has seen a "reversal" in oil production which could see it become bigger exporter than Saudi Arabia, it was claimed today. Saudi Arabia is the world's second largest exporter of oil, according to the International Energy Agency's 2010... Read More

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Tags: Abu Dhabi, BP, Carl Sheldon, gas, Harding field, investment, North Sea, TAQA, UK

Abu Dhabi firm buys BP’s North Sea assets

Posted on 04 June 2013 by Priyanka Shrestha

Abu Dhabi's national energy company has acquired oil and gas assets in the North Sea from BP. TAQA has taken over as operator of the Harding field and production platform in the Central North Sea, which is expected to add... Read More

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Tags: blast, China, China National Petroleum, coal mine, colliery gas explosion, Dalian, injured, missing, Simachong

Coal mine gas explosion ‘kills 10′ in China

Posted on 03 June 2013 by Priyanka Shrestha

Ten people have been reported dead following a colliery gas explosion in central China. The blast at Simachong coal mine in Shaoyang City is believed to have taken place around 7:55pm yesterday. Chinese reports claim a total of 39 miners were... Read More

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