Kingdom

Royal Society: Fracking OK for the UK with Regulation

Operational best practices and “robustly enforced” regulation can make hydraulic fracturing (fracking) a safe practice in the United Kingdom, according to a review by the Royal Society and the Royal Academy of Engineering.

July 6, 2012

UK Operator Doubles Shale Estimates; Others Await Frack Report

IGas Energy plc, which explores in the United Kingdom’s onshore, said shale gas reserves at its Ince Marches prospect in Cheshire, England, may be close to 10 Tcf, or double the original estimate. The producer now is looking for a farm-in partner.

April 5, 2012

Shales Can’t Keep Talisman’s 1Q2011 Earnings in the Black

Results from Talisman Energy’s North American shale plays continue to be positive, but the impact of increased taxes in the United Kingdom and a loss on held-for-trading financial instruments and the timings of liftings led to negative overall earnings in 1Q2011, the Calgary-based producer said Wednesday.

May 6, 2011

BP to Continue Asset Sales

To meet its $30 billion divestiture target by the end of 2011 BP plc will continue to pare its assets with sales in the United States, Canada and the United Kingdom, the producer said in its annual report, which was released on Thursday.

March 4, 2011

Europe Soaking Up More LNG

European imports of liquefied natural gas (LNG) hit a new record in November, and the United Kingdom is on track to challenge Spain as the globe’s third largest importer of LNG, according to analysts. Cargoes are largely staying away from the shale gas-soaked U.S. market.

December 13, 2010

Europe Soaking Up More LNG

European imports of liquefied natural gas (LNG) hit a new record in November, and the United Kingdom is on track to challenge Spain as the globe’s third largest importer of LNG, according to analysts. Cargoes are largely staying away from the shale gas-soaked U.S. market.

December 13, 2010

Barclays Sees Moderate 2011 HH-NBP Basis Spread

The spread between the U.S. Henry Hub natural gas price and the United Kingdom’s (UK) benchmark NBP gas price marker has widened in 2010 compared to 2009 and the futures market forward prices show that spread could more than double in 2011. But Barclays Capital believes that the upward projections for the UK market are overblown and will correct. The investment bank is predicting a $1.52/MMBtu spread for 2011, not far off this year’s spread so far.

October 11, 2010

Barclays Sees Moderate 2011 HH-NBP Basis Spread

The spread between the U.S. Henry Hub natural gas price and the United Kingdom’s (UK) benchmark NBP gas price marker has widened in 2010 compared to 2009 and the futures market forward prices show that spread could more than double in 2011. But Barclays Capital believes that the upward projections for the UK market are overblown and will correct. The investment bank is predicting a $1.52/MMBtu spread for 2011, not far off this year’s spread.

October 7, 2010

Analyst: LNG Influx Softening UK Gas Prices

Anyone looking to the U.S. Gulf of Mexico and wondering where all the liquefied natural gas (LNG) is need only look across the Atlantic to the United Kingdom, where gas prices are higher and tanker traffic is brisk, an analyst noted Monday.

September 1, 2009

National Grid, KeySpan Merger Passes FTC Muster

The proposed acquisition of KeySpan Corp. by National Grid of the United Kingdom took a major step forward Friday as the Federal Trade Commission (FTC) granted early termination of the final period for review under the Hart-Scott-Rodino Antitrust Improvements Act.

July 11, 2006
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