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2019-03-13 10:55:00

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD

REUTERSBritish oil and gas production rose 4 percent to 1.7 million barrels of oil equivalent per day in 2018 compared with the previous year, according to the Oil and Gas Authority, an industry regulator.

“The Oil and Gas Authority (OGA) now projects total cumulative UK hydrocarbon production from 2016 to 2050 to be 3.9 billion barrels of oil equivalent (boe) more than projected in March 2015,” it said in a report on Monday.

The upswing last year was due to higher oil production, more than balancing out lower gas output.

“This increase can be attributed to over 30 new fields coming onstream since 2015, improved production efficiency and asset integrity, the realisation of enhanced oil recovery projects and the UK’s offshore licensing rounds’ continued focus on associated exploration, appraisal and development commitments,” the OGA said.

In the years ahead, the OGA forecasts production to fall steadily to around 1.3 million boed in 2024.

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Earlier: 

 BRITAIN'S FUSION ENERGY
2018, December, 10, 08:20:00

BRITAIN'S FUSION ENERGY

WNN - The UK Atomic Energy Authority (UKAEA) and First Light Fusion are collaborating on a project to convert fusion reactions into heat to enable clean power production. The 'fusion island' project is to be partly funded by a grant from the Department for Business, Energy & Industrial Strategy (BEIS).

 
 NORWAY'S GAS FOR BRITAIN
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

 
 IMF: BRITAIN'S ECONOMIC CHALLENGES
2018, September, 19, 13:10:00

IMF: BRITAIN'S ECONOMIC CHALLENGES

IMF - Beyond Brexit, the UK faces a range of other economic challenges. These include persistently lackluster productivity growth, large public debt, and the wide current account deficit. The UK’s sound macroeconomic framework, regulatory environment, and deep capital and flexible labor markets will be advantages in implementing reforms to address them.

 
 BRITAIN'S OIL +9%
2018, March, 21, 12:25:00

BRITAIN'S OIL +9%

PLATTS - UK oil production is expected to rise by 9% this year, to nearly 1.1 million b/d, while gas output will remain flat and the longer term looks less positive, industry group Oil & Gas UK said Tuesday.

 
 RUSSIAN GAS FOR BRITAIN ANEW
2018, March, 16, 10:10:00

RUSSIAN GAS FOR BRITAIN ANEW

BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.

 
 RUSSIAN GAS FOR BRITAIN AGAIN
2018, March, 16, 10:05:00

RUSSIAN GAS FOR BRITAIN AGAIN

FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.

 
 RUSSIAN GAS FOR BRITAIN OVER
2018, March, 16, 10:00:00

RUSSIAN GAS FOR BRITAIN OVER

REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.

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Tags: BRITAIN, OIL, GAS, PRODUCTION

Chronicle:

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD
2019, March, 20, 10:50:00

ИНВЕСТИЦИОННЫЕ ПРОЕКТЫ ГАЗПРОМА

Совет директоров ПАО «Газпром» одобрил проводимую компанией работу по реализации крупнейших инвестиционных проектов. В числе приоритетных направлений деятельности компании — Восточная газовая программа.

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD
2019, March, 20, 10:45:00

РУССКИЙ ГАЗ ДЛЯ СЕРБИИ

В 2018 году «Газпром» поставил в Сербию 2,15 млрд куб. м газа — на 1,2% больше чем в 2017 году (2,12 млрд куб. м).

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD
2019, March, 20, 10:40:00

EUROPE'S GAS SECURITY

IEA - At the moment, Russia is sending record volumes to Europe while LNG utilisation rates remain relatively low. Limits to European production capacity and import infrastructure (with over half of pipelines operating at monthly peaks above 80%) may contribute to market tightness over the coming years, particularly if Asia continues to absorb the ramp up in global LNG liquefaction capacity.

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD
2019, March, 20, 10:35:00

S.KOREA'S LNG WILL UP

The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.

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