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The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...
BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas " supermajors " and one of the world's largest companies measured by revenues and profits. [ 3 ]
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Petroleum refining in the United Kingdom produced around 51.45 million tonnes of petroleum products in 2023, down 16% from 2015 and 32% from 2011. [1] There are six major and one minor petroleum refinery in the downstream sector of the UK oil industry .
British Pipeline Agency Ltd (BPA) is a joint venture, established in 1969, [1] between BP Oil UK and Shell UK. [2] The company operates the UK oil pipeline network of oil pipelines which transport petroleum products around the UK.
Grangemouth Refinery is an oil refinery complex located on the Firth of Forth in Grangemouth, Scotland, currently operated by Petroineos.It is the only operating crude oil refinery in Scotland and currently one of the six remaining refineries in the UK. [1]
The company was originally formed in 1975 as the British National Oil Corporation (BNOC), a nationalised body, under the provisions of the Petroleum & Submarine Pipe-lines Act 1975. [2] Its objective was to maintain adequate oil supply levels. [3] Britoil's interest in UK oil and gas fields in 1982 was as follows. [4]