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The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
The onshore oil and gas resources in the United Kingdom are located in a number of provinces corresponding to prospective sedimentary basins. Provinces and Basins (from south to north) include the Wessex-Channel Basin, Weald Basin, Worcester Basin, Cheshire Basin, East Midlands Province, West Lancashire Basin, NE England Province, Northumberland-Solway Basin, Midland Valley of Scotland, and ...
In geology, a petroleum play, or simply a play, is a group of oil fields or prospects in the same region that are controlled by the same set of geological circumstances. [1] The term is widely used in the realm of exploitation of hydrocarbon-based resources.
LONDON -- In this edition, David Kuo and veteran oil and gas expert Malcolm Graham-Wood discuss the resources industry and potential winners from the sector. Companies in the spotlight include BP ...
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BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. [3] [4] On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement.
The company assumed its present name on 4 December 2013. [1] The following day it changed its TIDM (ticker symbol) to UKOG. [2]In March 2016 UKOG made national news with the flow-testing of the Horse Hill 1 well (HH-1) three miles north of Gatwick Airport, achieving the highest flow rates of an onshore well in the UK.