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European Commission Set to Approve UK Billion-Pound Power Backup Plan
The European Commission is set to give the go-ahead for British power companies to receive a total of roughly one billion pounds to help them bear the cost of m…
Oil & Gas Trade
British Tanker Docks in Dubai After Detention by Iran
A British-flagged tanker that was detained by Iran for 10 weeks, docked in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shi…
Oil & Gas Trade
BP to Exit Alaska in $5.6 Billion Deal with Hilcorp
British oil major BP Plc (BP.L) on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region wher…
Nuclear Power Plant
US Company Jacobs To Buy British John Wood Group's Nuclear Business For $300m
American engineering company Jacobs has agreed to buy British multinational company John Wood Group’s (JWG) nuclear business for approximately $300m (£250m).
Oil & Gas Trade
The Iranian Oil Tanker has Departed From Gibraltar after the British Overseas Territory
The Iranian oil tanker at the center of a diplomatic dispute has departed from Gibraltar after the British overseas territory rejected a US demand to seize the …
Oil & Gas Trade
An Iranian Oil Tanker Seized by British Royal Marines will be Released
Gibraltar Chief Minister Fabian Picardo said that the Grace 1 would be released on Thursday, adding that Gibraltar authorities would not renew the order to deta…
LNG
Canada Government Subsidies for Project Aim to Reduce Reliance on US Market
A 40 billion Canadian dollar ($30 billion) project in British Columbia led by Royal Dutch Shell is on track to start exporting liquefied natural gas to Asia as…
Oil & Gas Trade
BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz
BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding …
British Has Published a Report Calling for the 'Swift' Introduction of Ethanol Fuel
The UK’s All-Party Parliamentary Group (APPG) on British Bioethanol has published a report calling for the ‘swift’ introduction of E10 ethanol fuel.
Oil & Gas Trade
Britain has Called Iran's Capture of the Stena Impero is a "hostile act"
Iran's ambassador to Britain warned against escalating tensions on Sunday as a UK official declined to rule out sanctions in response to Tehran's seizure of a B…
Oil & Gas Trade
Iranian Tanker will be Released if Oil isn't Bound for Syria, UK Foreign Secretary Says
An Iranian oil tanker held by British forces near Gibraltar will be released if the United Kingdom is assured the oil will not be heading to Syria, London's top…
Iranian Officials have Threatened to Seize 'a British Tanker' in Response
Iranian officials have threatened to seize 'a British tanker' in response to the arrest of VLCC Grace 1 in Gibraltar last week, allegedly carrying Iranian crude…
Electric Car
BMW Revealed An All-electric Version of The British MINI
BMW has revealed an all-electric version of the British MINI. Manufacturing is set to commence late in 2019 in Oxfordshire. BMW intends having 25 electric vehic…
Oil & Gas Trade
Oil Tanker Event Marked the Latest Escalation of Tensions in the Persian Gulf
Britain said Thursday that three Iranian vessels unsuccessfully tried to impede the passage of a British commercial vessel through the Strait of Hormuz, signali…
Oil & Gas Trade
Iran’s Islamic Revolutionary Guard Corps have Denied Stopping British Oil Tanker
There were “no encounters” between the Iranian warships and foreign vessels at the time when the alleged incident took place, the IRGC’s naval unit said in a…
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