Energy Sector

UK petrol sales hit record low in March 2014

Petrol sales in the UK slipped to their lowest level on record in March this year, even as pump prices were at a three-year low, the month was relatively warmer, and the economy was showing clear signs of recovery.

Scottish oil & gas firms’ global sales reach Ł10bn in 2012-13

Scottish oil & gas companies' international sales rose by more than a fifth year-on-year to reach ?10 billion in fiscal year of 2012-13, Energy Minister Fergus Ewing announced.

BP suffers steep decline in Q1 underlying profit

Global oil & gas giant BP suffered a steep decline of around 25 per cent in its underlying profit in the quarter ended March 31 as a huge write-off of the value of its American shale acreage weighed on its earnings.

BG Group CEO Chris Finlayson quit with immediate effect

Oil and gas producer BG Group on Monday confirmed that its chief executive officer Chris Finlayson had quit with immediate effect.

The announcement was enough to surprise even market analysts as Mr. Finlayson stepped down from the top job just 16 months after joining the group, which is now seeking fresh leadership.

Berwick Conservative parliamentary candidate welcomes plan to curb wind farms

Berwick Conservative parliamentary candidate Anne-Marie Trevelyan has welcomed the party's general election promise that Northumberland would be given the power to fight back development of new wind turbines if the Conservative Party forms the next government.

Thieves Steal 30,000 litres of Fuel from UK’s Underground Pipeline

As reported by a newspaper on Monday, thieves have tapped into an oil pipeline running underground and have stolen fuel amounting to some thousands of litres. The UK police are searching for the gang who are involved in it.