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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
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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WASHINGTON, May 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
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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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