Updated: Centrica gets rid of standard tariff for new customers
British Gas owner Centrica is scrapping standard gas and electricity tariffs (SVT) for new customers ahead of Government plans to impose a price cap on the costly energy products.
British Gas owner Centrica is scrapping standard gas and electricity tariffs (SVT) for new customers ahead of Government plans to impose a price cap on the costly energy products.
The head of a North Sea industry body has urged the UK Treasury to save itself tens of millions of pounds by letting oilfield owners transfer tax histories.
Ancala Midstream Acquisitions has completed a deal to buy Apache’s interests in two North Sea pipeline systems.
The number of active drilling rigs jumped up for the second straight week, but the increase of eight rigs is exclusive to those seeking natural gas.
An offshore workboats specialist has insisted two vessels tied up at Dundee Port are free to work.
Houston's economic health hinges on what OPEC does later this month.
Offshore oil rig workers will remain without broad whistleblower protections after a federal agency this week opted to withdraw recommendations made in the aftermath of the 2010 Deepwater Horizon tragedy in the Gulf of Mexico.
A judge has appointed a liquidator for ITCA after a winding up order was received for the Aberdeen-based training provider.
Traditionally the first Budget of a new Parliament might be expected to lay the foundation for the remainder of the parliamentary term, and set out the broad framework of policy that the Government expect to implement.
Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future?
A worker on an Aberdeen firm’s drilling ship has died on board.
Oil held gains above $56 a barrel after surging the most in almost two weeks as Saudi Arabia’s energy minister said OPEC should announce an extension to supply cuts when it meets at the end of the month.
The “future of humanity” depends on generating enthusiasm for Stem subjects among kids, a US astronaut said at a major oil industry event.
Calls have been made for the UK Government to clarify what has happened to the as yet unfilled oil and gas ambassador role, which was pledged almost two years ago.
Western Isles politicians and councillors have hailed a deal to save the BiFab yard in Lewis after it was threatened by administration – and they are hopeful about its long-term future.
The fall in the world price of crude has been at the centre of a number of obstacles that are currently stifling many North Sea M&A transactions. This factor, along with a lack of acquisition finance and the persistent gap between the price sellers want for assets and the one buyers are prepared to pay, is making valuations hard to land. Where late life assets are concerned, decommissioning liabilities, which can often erode any value in what might otherwise be a viable transaction, are proving another major issue, preventing many deals from getting over the line.
Chancellor Philip Hammond has been branded “out of touch” after he was forced to clarify his remark that “there are no unemployed people”.
As an industry which remains vitally important to the Scottish, and UK, economy, the Scottish Government has long been a vocal champion of North Sea oil and gas.
An agreement has been reached that will lift the threat of administration from troubled engineering firm BiFab, and see work continue on the current contract for the Beatrice Offshore Windfarm.
Aberdeen oil and gas firms have seized the chance to speak to the "right people" at one of the world's biggest energy events.
Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, security experts have said.
A former Northern Irish police chief has said the oil and gas industry’s “ingenuity” can help tackle the threat of cyber attacks.
China will become the second largest importer of liquefied natural gas (LNG) after Japan “within a year or two”, an industry chief said today.
Abu Dhabi National Oil Company (Adnoc) has reached an agreement to increase production capacity from the offshore Upper Zakum oil field to 1million barrels per day (bpd) by 2024.
Abu Dhabi National Oil Company (Adnoc) has revealed plans to launch new blend of crude.