Shipping Firms Drop British Flag as Brexit Risks Loom

By Jonathan Saul LONDON, July 2 (Reuters) - Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say. All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. … [Read more...]

Clean Energy Becomes Dominant Power Source in U.K.

By Jeremy Hodges (Bloomberg) --The U.K. will generate more energy from low-carbon sources than from fossil fuels this year for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48% of the nation’s electricity in the first five months of 2019, according to the U.K. network operator National Grid Plc. Coal, which made up more than … [Read more...]

Britain Brimming With Natural Gas as LNG Flows Hit a Record

By Anna Shiryaevskaya, Vanessa Dezem and Mathew Carr (Bloomberg) -- Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month. The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark prices already trading below their five-year seasonal average. … [Read more...]

Equinor Again Delays Start-Up of Britain’s Mariner Offshore Oilfield

By Nerijus Adomaitis OSLO, April 10 (Reuters) - The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings. Originally due to come on stream in 2017 and with an estimated 300 million barrels of recoverable reserves, the 4.5 … [Read more...]

Britain’s Peel Ports Expands Amid Brexit Trade Uncertainty

By Jonathan Saul LONDON, March 20 (Reuters) - Privately owned Peel Ports is expanding its workforce mostly in Liverpool and plans acquisitions this year, its chief executive said, as Britain prepares its ports to ease any trade disruption caused by Brexit. The British operator has been upgrading much of its network of seven ports, especially in northwest England, aiming to … [Read more...]