Norway ordered BP to review safety management systems at its North Sea operations after a Sept. 12 leak that could have developed into a major accident, The Wall Street Journal reports.
The Wall Street Journal examines how new drilling technology is assisting in the quickly expanding oil and natural gas development of the North Sea off the coast of Scotland.
BP Chief Executive Bob Dudley told shareholders the company has nearly 45 potential projects it can develop over the next 10 years, cutting the need for new major acquisitions to replace declining reserves, The Wall Street Journal reports.
PARIS (AP) — French energy group Total says it is slowly restarting gas production in an area of the North Sea where a well sprang a leak nearly a year ago.
A new report from the University of Aberdeen predicts that increased investment, high oil prices and tax breaks will result in an increased output from Britain's North Sea over the next few years, Reuters reports.
LONDON (AP) — British oil company BP is selling its interests in some North Sea oil and gas fields to TAQA, a company controlled by Abu Dhabi Water and Electricity Authority, for $1 billion.
BANGKOK (AP) — Oil prices staged a rebound Tuesday following three days of losses, rising on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil.
Benchmark crude for November delivery was up 48 cents to $89.81 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 57 cents to $89.30 per barrel in New York on Tuesday.
In London, Brent crude, which is used to price international varieties of oil, rose 56 cents to $112.38.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., asked the Justice Department to join the European Union's probe of possible oil price manipulation, Reuters reports.
Nuclear Regulatory Commission Chairman Allison Macfarlane said the NRC can't consider a public hearing on the San Onofre nuclear plant until June, when an appeal period of an Atomic Safety and Licensing Board ruling ends.
Sens. Bob Corker, R-Tenn., and Joe Manchin, D-W.V., introduced a bill that would ensure that only domestically-made biofuels can be used to meet the Renewable Fuel Standard, The Chattanoogan reports.
A federal judge refused to reconsider a ruling that upheld the Interior Department's power to ban new hard rock mining projects on federal land, The Associated Press reports.
Tesla Motors increased the value of its stock and debt offerings 30 percent to $1.08 billion to gather reserves and pay back its Energy Department loans, Bloomberg reports.
Poland called on the European Union to end energy subsidies for fossil fuels and renewable sources and cut oil imports to better combat climate change, Bloomberg reports.
The first well reports from the Utica shale in Ohio show a significant supply of natural gas but not as much oil as some energy companies were expecting, Reuters reports.
