Archive for November, 2012

An estimated 90 percent of Britain’s oil and gas is in Scottish territory

November 22, 2012

Scotland’s bid for independence bets on meeting ambitious renewable energy goals as much as on the dwindling riches of North Sea oil and gas. Source – Reuters An estimated 90 percent of Britain’s oil and gas is in Scottish territory, but output is dwindling fast and with it any prospect that it alone could make [...]

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New Oil Find Offers Hope for Ireland

November 1, 2012

By SELINA WILLIAMS And JAMES HERRON LONDON—An oil field in the Celtic Sea may prove to be a game changer for Ireland, possibly producing enough to make the country self-sufficient in crude or even turning it into an exporter of the commodity, Irish oil company Providence Resources PZQA.DB +1.80% PLC said on Wednesday. Development of the [...]

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