Posts tagged ‘UK’

Mary Hogan and Catherine Wood

In the LOOP: USGC delivered crude cargoes to UK rebound

October 30, 2018 12:00 UTC

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Imported barrels of crude into the UK from the US Gulf Coast rebounded from a five-week low Friday, with shippers swapping out Suezmaxes for Aframaxes on delivered cargoes.

Delivered crude cargoes from the USGC to the UK for the week ended October 26 increased around 1 million barrels week on week, according to data from S&P Global Platts Analytics. An additional 269,000-barrel cargo was exported from the USGC to the Netherlands for that same time period, representing a week-on-week decline in USGC crude cargoes to Rotterdam of 1.35 million barrels.

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Aframax, crude exports, In the LOOP, Supramax, UK, USGC

Andrew Critchlow
Head of energy news, EMEA

Brexit no deal is no worry for North Sea oil and UK energy sector

September 17, 2018 09:17 UTC

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Economic warnings around a no-deal Brexit have reached fever pitch proportions. If Bank of England governor Mark Carney’s latest Doomsday portent comes to fruition, house prices will collapse and the streets will be choked by dole queues if the UK unceremoniously crashes out of the European Union. Certainly, the energy industry will also be affected; just don’t expect the petrol pumps to run dry, or the lights to go out on March 29 next year.

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Brexit, North Sea, oil and gas, UK

Nick Coleman
Senior editor

Insight Conversation: Tony Durrant, CEO of Premier Oil

August 28, 2018 00:00 UTC

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In our recent Insight Conversation video, the CEO of Premier Oil, a UK independent upstream oil and gas company with interests in the North Sea, the Falkland Islands, Southeast Asia and Latin America, sat down for a conversation with Nick Coleman.

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crude oil, dated Brent, Forties, North Sea, UK

Nick Coleman
Senior editor

Politics complicates energy security: Fuel for Thought

April 9, 2018 04:01 UTC

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Countries lacking abundant energy resources are often the most effective in ensuring reliable supplies, usually through a mix of pragmatism and openness to foreign investment. But this becomes ever more difficult at a time of rising political tension.

The latest Russian poisoning scandal has highlighted not so much the UK or Europe’s dependence on Russia for energy, but the extent to which energy supply in much of Europe is highly diversified, with multiple sources, delivery methods and intermediaries making it difficult for countries or leaders to intervene for political ends either on the supply or the demand side.

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China, Energy Security, North Sea, oil production, Russia, sanctions, UK

Oliver Adelman
Managing editor, EMEA, Platts nuclear publications

Struggling UK SMR competition seeks to regain momentum

November 24, 2017 11:00 UTC

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The UK government’s much heralded, pre-Brexit referendum “competition” to have a small modular reactor or SMR design manufactured in the country by the mid-2020s is struggling to regain momentum amid growing questions about the political will to proceed with the project.

The idea of a “competition” to select an SMR design was announced by then Chancellor of the Exchequer George Osborne in his March 2016 Comprehensive Spending Review. Osborne allocated GBP250 million ($332 million) of funding to the initial phases of the competition and other nuclear sector spending in the 2016 CSR.

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Brexit, nuclear, small modular reactor, SMR, UK

Oliver Adelman
Managing editor, EMEA, Platts nuclear publications

Despite draft Nuclear Safeguards Bill, UK struggles with impending ‘Brexatom’

October 10, 2017 00:01 UTC

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Despite a draft Nuclear Safeguards Bill that will go some way towards addressing the new licensing requirements for nuclear fuel, equipment and radioactive material after Brexatom – as the UK’s departure from the European Atomic Energy Community has come to be known – the UK is nonetheless struggling to find a successor arrangement to the Euratom Treaty.

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Brexit, energy, EU, European Union, nuclear, Policy, UK

Ross McCracken
Managing editor, Energy Economist

UK election: Brexit confusion

June 9, 2017 09:00 UTC

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UK Prime Minister Theresa May went to the country June 8 seeking a larger mandate both personally and for Brexit, negotiations for which should in theory start in a matter of weeks. Instead, the UK has returned a hung parliament in which no single party has an overall majority.

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Brexit, commodities, economics, economy, electric power, natural gas, oil, politics, renewables, trading, UK, UK ELECTION

Stuart Elliott
Senior Writer

UK energy costs fuel inflation on post-Brexit weaker pound

March 29, 2017 16:00 UTC

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With the UK now firmly — and seemingly irreversibly — on track toward Brexit after Prime Minister Theresa May notified Brussels of its intention to leave the EU on March 29, question marks still hang over what impact the persistent weakness of the pound may have on the UK’s fuel costs.

The UK is — since 2004 — a net importer of energy, meaning the fall in the value of sterling makes dollar- or euro-denominated commodity purchases more expensive.

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Brexit, commodities trading, economics, economy, electric power, electricity, energy, energy policy, EU, geopolitics, oil, oil and gas, UK, utilities

Andy Blamey
Associate editorial director

South Crofty: The tin mine that wouldn’t die?

August 26, 2016 07:30 UTC

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On August 11, 2016, the West Briton newspaper in the UK published a story under the following headline: “Tin mining at South Crofty could resume ‘within two years'”. And while it’s fair to say that the news caused barely a ripple in the global tin market, it nevertheless represents a potential new instalment in a very old story stretching back over two millennia.

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metals, mining, tin, UK

Oliver Adelman
Managing editor, EMEA, Platts nuclear publications

Hinkley C investment decision: A new dawn for UK nuclear power?

July 27, 2016 05:01 UTC

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The long-awaited final investment Decision (FID) for EDF Energy’s planned 3,200-MW Hinkley Point C nuclear power station in western England, scheduled to take place at a board meeting of French utility EDF in Paris July 28, will not only give the go ahead for the first new nuclear plant in the UK since 1995, but could also serve as the starting gun for a total of 16,000 MW of new nuclear capacity due to be built in the country.

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Europe, infrastructure, nuclear, Policy, power generation, UK

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