British Gas will avoid potentially costly enforcement by the energy regulator after agreeing to pay £1.73 million for not telling some customers they would need to top up their meter cards at a different shop until almost a month after the switch.
Ithaca Energy plunged deep into the red in the first-half of 2020 as the sharp drop in oil prices and staff payouts weighed on the firm’s balance sheet.
Neptune Energy said positive drilling results and further appraisal work on the Isabella discovery would lead to a “marginal” rise in exploration spend this year.
Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed, according to people with knowledge of the situation.
Orkney council and port chiefs are placing Scapa Flow at the heart of a bold £230 million harbour infrastructure masterplan that “embraces” decarbonisation.
Hydrogen made from renewable power will be compete on price with producing the gas from fossil fuels within two decades, according to analysis by research firm Wood Mackenzie Ltd.
Global Engineering and Construction (E&C) has “reshuffled” its north-east facilities footprint in an effort to “stabilise” the company amid the Covid-19 and low oil price crisis.
Analysts are expecting a backlash from Beijing as Malaysian national oil company (NOC) Petronas prepares to drill in gas-rich Block SK 316 in the South China Sea off the eastern Malaysian state of Sarawak.
Saudi Aramco reshuffled top management jobs, appointing an acting head for the upstream business, as the world’s biggest oil producer cuts spending to cope with low oil prices.
With the UK oil and gas market reeling from COVID-19, it’s clear that the decisions made by businesses in this industry as they focus on a recovery in the coming months need to be strategic, measured and informed.
Law firm Burness Paull has added a quartet of high-profile new partners to its ranks to help businesses navigate through the impact of the Covid-19 pandemic.
Don’t dismiss the leak of oil from the MV Wakashio that ran aground last month on a reef off the Indian Ocean island of Mauritius so quickly. The volume lost may seem tiny, but its location, mixed with other pressures already faced by the oil industry, means that it will have an impact far beyond its size.
Shares in Premier Oil slumped by almost a quarter in London yesterday after the firm unveiled plans to raise more equity as part of a new refinancing deal.