exploration

The government intends to make the fund less vulnerable to a permanent drop in oil prices

Work under the contract has been suspended since 2014

This figure totals almost as many wells as it has drilled since the company was established in 1972

The carbon dioxide will primarily be used by the oil and gas industry to extract underground oil deposits from depleted wells

They were protesting the energy giant’s plans to drill in the mouth of the Amazon and French Guiana

A new £1.6 million shale support fund will be launched over the next two years and an environmental regulator will be created

It aims to be excluded from the Trump administration’s plan to expand offshore drilling in the Atlantic and Pacific oceans

The government said it will not revoke any existing exploration contracts

Energy giant BP has seen its annual profits soar to $6.2 billion (£4.4bn), largely due to the rise in global oil prices. Profits more than doubled last year – up from $2.6 billion (£1.86bn) the year before. The company said oil and gas exploration delivered the most successful year since 2004, with around one billion […]

  Despite the international movement away from carbon intensive sources of energy, coal still has a significant role to play, particularly in developing regions of the world. That’s the verdict from Andre Bojé, CEO of coal exploration company Minergy, who spoke to ELN about the future of the fossil fuel resource yesterday. Speaking ahead of the […]