Grace Kimberley

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UK Oil and Gas Tax Revenues Have Increased, Says HMRC

Figures from  HM Revenue and Customs  (HMRC) suggest oil and gas tax revenues are “in the black” for the first time since the industry downturn. Tax receipts have been  steadily increasing  and a total figure of £1.1bn was recorded for 2017-18. Figures from 2016-17 indicated a loss of over £316m. ...

Grace Kimberley


Posted 19 days agoPress

Fircroft: BP Starts-Up Shah Deniz 2 Project in Azerbaijan

BP has this week announced the start-up of the landmark  Shah Deniz 2 project in Azerbaijan  along with its first commercial gas delivery to Turkey. Shah Deniz 2 is BP's largest new upstream project in 2018 and is the second of six project start-ups expected for the year from the British multinatio ...

Grace Kimberley


Posted 19 days agoPress

Robotic and drone technology could transform the offshore oil market

The rise and development of new technology have encouraged the oil and gas industry to integrate new devices and systems into the market in an attempt to enhance efficiency, production levels and reduce overall costs. Oil businesses are now exploring the potential of utilising robotic technolog ...

Grace Kimberley


Posted 2 months agoOpinion > Oil and GasDrilling Technology

Former Oil Industry Executive Urges Industry to Clean Up its Climate Plans

Bill Hafker, a former ExxonMobil executive recently discussed the oil and gas industry to US media and how it can address the issues of climate change. The oil and gas industry currently account for approximately fifty percent of global carbon emissions. Industry experts have indicated that in ord ...

Grace Kimberley


Posted 2 months agoOpinion > ExxonMobilParis Climate Agreement

BP Announces Development of Deep-Water Indian Gas Fields

The resurgence of the global oil and gas industry continues with BP's announcement that it intends to develop ‘Satellite cluster' deep-water gas fields in India to bring onstream upwards of 1 bcf/d of new production by 2022. BP is collaborating with Reliance Industries Limited (RIL) to develop the ...

Grace Kimberley


Posted 2 months agoPress > Gas IndustryIndiaBP
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