Search results
Results from the WOW.Com Content Network
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.
Oil and Pipelines Act 1985 (c. 62) abolishes the British National Oil Corporation, establishes the Oil and Pipelines Agency: 1985 UK oil exports peaked 1986 Advance Petroleum Revenue Tax Act 1986 (c. 68), repayment of advance petroleum revenue tax 1986 Gas Act 1986 (c. 44), privatised the gas industry, established British Gas and Ofgas as regulator
In addition, the Office of Unconventional Gas and Oil (OUGO), is a UK Government office that promotes the safe, responsible and environmentally sound recovery of the UK's unconventional reserves of gas and oil. [4] The onshore oil and gas industry is represented by the United Kingdom Onshore Oil and Gas (UKOOG) industry body. [5]
The UK Government revealed plans to mandate oil and gas licensing in the North Sea in a bid to reduce dependency on “hostile foreign regimes”, it will be announced in the King’s Speech ...
Petroleum refining in the United Kingdom produced around 51.45 million tonnes of petroleum products in 2023, down 16% from 2015 and 32% from 2011. [1] There are six major and one minor petroleum refinery in the downstream sector of the UK oil industry.
UK must allow new oil and gas fields – or risk surging import bills and future shortages, say industry experts . UK Parliament – Energy security . CCC – Letter to ...
United Kingdom oil production 1975–2012 (data from DECC) Petroleum production and consumption in the United Kingdom After UK oil production peaked at nearly 3 million barrels per day in 1999, [17] concerns over peak oil production were raised by high-profile voices in the United Kingdom such as David King [18] and the Industry Task-Force on Peak Oil and Energy Security. [19]
UK Oil and Gas PLC (UKOG) cited higher storage capacity and cost-savings of £450m as driving factors. The new plans are for 24 salt caverns drilled 1.3km underground, which the company said could ...