After many years of decline, production of petroleum and other liquids in the United Kingdom (U.K.) increased by about 100,000 barrels per day (b/d) in 2015. The largest contribution to this increase came from fields that were brought online in the second half of 2014. Significant increases also came from fields that came online in 2015, and from improved performance of the U.K.’s largest producing field, the offshore Buzzard field. A similar year-over-year increase in production volumes hasn’t occurred since 1998, when petroleum and other liquids production grew by slightly more than 100,000 b/d. The U.K. is the second-largest liquids producer in Europe (after Norway ), producing one million b/d in 2015. This amount is large among European countries but small in the global market, and the U.K. remains a net importer of petroleum and other liquids. More than 97% of […]