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Beef recall announced over E. coli fears
ABERDEEN, Scotland, Dec. 17 (UPI) -- Britain's Department of Energy and Climate Change said Monday it had given the green light to Dana Petroleum's development of two North Sea oil fields.
"I am delighted to announce the go-ahead for this project, which will bring new jobs and create new opportunities for U.K. companies to compete for key parts of the work," said Minister of State for Energy and Climate Change John Hayes, referring to the Harris and Barra oil fields in the North Sea, estimated to contain 45 million barrels of recoverable oil.
"Dana Petroleum has really demonstrated its commitment to the North Sea and in doing so is playing its part in helping to secure the U.K.'s future energy needs," Hayes said in a statement.
The oil company, based in Aberdeen, Scotland, has set its sights on doubling is current production, said Marcus Richards, the firm's chief executive officer.
"The Western Isles project is at the heart of our growth strategy. Unlocking the potential of these new fields is a significant milestone as we aim to double our production to 100,000 barrels a day by 2016," he said.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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