OPEC+ extends oil cuts, with Russia bolstering its effort
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
A Texas man made almost $2 million by illegally trading on his wife’s conversations with her BP Plc (LON:BP) colleagues, according to the US Securities and Exchange Commission in its latest case about couples eavesdropping while working from home.
Demand for offshore wind is there - so how we can ensure that all Scottish businesses benefit from the energy transition opportunity now and in the future? Jamie Sansom, team lead of offshore wind at Scottish Enterprise, discusses this important question.
Credit ratings agency Fitch has downgraded its assessment of North Sea operator Petrofac (LON: PFC) to a 'B-' in the latest sign of financial trouble at the firm.
Australian oil and gas giants Santos (ASX: STO) and Woodside Energy (ASX: WDS) have confirmed ongoing discussions on a A$80 billion (£40bn) potential merger.
Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.
The reaction from oil and gas analysts has been fairly muted after BP (LON: BP) published its third quarter financial results earlier today.
Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy.
Oil prices have risen due to "increased uncertainty" over how the situation in Israel and Palestine could disrupt output from the Middle East.
Neil McDonald, head of Scotland at the firm, says it wants to support growing energy firms.
On August 25, the United Nations General Assembly (UNGA) adopted a resolution proclaiming that January 26, 2024 will be dubbed the International Day of Clean Energy.
Fixed energy tariffs are making a comeback in the UK, allowing consumers to lock in power and gas rates now that prices have eased from last year’s record levels.
For all the hype surrounding the emissions-free energy source, European manufacturers both large and small are reluctant to buy into hydrogen
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."
NEO Energy has selected an FPSO for the Greater Buchan Area oil redevelopment in the North Sea.
The Energy and Climate Change Intelligence Unit (ECIU) said that it would not be possible to avoid this by producing more gas domestically, as the UK's North Sea reserves are dwindling.
Shares in Wood are down 34% on the news that Apollo will no longer be pursuing the Aberdeen engineering giant.
That's a "big beat" from Shell, noted analysts, with earnings arounf $1.5bn higher than expected.
The oil giant, which made over $27bn net profits last year, previously said the UK accounts for around 15% its global total.
Japan’s JAPEX is to invest millions of dollars in exploration in Norway via Longboat Energy.
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
Lower oil prices and the UK's EPL saw TotalEnergies' E&P division earnings drop 47%.
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
The NSTA is proposing new rules to streamline industry deals and boost energy security.