Thailand’s state-backed energy company PTT Exploration and Production (PTTEP) expects to sell its Cash-Maple gas and condensate field in Australia in 2023, according to a report in the Bangkok Post.
A third of disabled people have cut back on their energy consumption over the last year to afford their bills, a charity said.
Scotland will receive a “very significant” £800 million boost to its budget, Chancellor Philip Hammond has said.
An overhaul of the power grid system in the UK could encourage smarter, cleaner technologies and save households up to £90 a year by 2030, a think-tank suggested.
Expro could soon fall under the control of a quartet of investment funds as part of a financial overhaul, according to reports.
Sterling plunged to a fresh 31-year low as the Bank of England said it would boost lending by up to £150 billion to help ease the economic pressure caused by the Brexit vote.
Plexus Holdings said it has agreed the terms of a conditional placing to raise £6million by way of placing more than nine million new ordinary shares.
With the collapse in oil prices over the past eighteen months, the major exploration and production companies have been doing everything they can to cut costs. Ultimately, this means the conglomerates have less cash available to pay suppliers, who provide them with essential services and products.
A potential takeover by Sunny Hill for Petroceltic has come to a close after the timing for acceptance on the £6.4million bid lapsed.
MX Oil said it has allowed GEC Petroleum Development Company (GPDC) additional time to put financing in place as it looks to acquire investment in the Aje field, offshore Nigeria.
India Oil and Natural Gas Corporation (ONGC) has approved an investment of about $5billion over the next few years in its east cost oil and gas asset.
Shell boss Ben van Beurden took an 77% pay cut but his counterpart at Subsea 7 doubled his pay packet as crude prices tumbled and thousands of oil and gas workers lost their jobs during 2015.
Prime Minster David Cameron last night revealed more money could be on its way to Aberdeen after it was revealed the City Deal could be worth £1.2billlion to the area.
More than 100 energy companies have had their credit ratings put on review for possible downgrade by Moody’s Investor Service. Shell, Total and Statoil are included in the move as oil prices are expected to recover more slowly than companies expect.
The international community must take concerted action to “choke off” funding to Islamic State (IS), Britain has warned. Chancellor George Osborne and Foreign Secretary Philip Hammond said it was essential that jihadists - who have seized control of vast oilfields in Syria and Iraq - were isolated from the international financial system. Writing in The Daily Telegraph ahead of a meeting of United Nations Security Council finance ministers in New York to discuss action against IS, they said weaknesses in IS’ funding network must be exploited.
Just as gas export-terminals are preparing to start up along America’s Gulf Coast, the oil-price crash has made it unprofitable to send the U.S. fuel abroad, according to the North America head of power and natural gas supplier Engie. It costs about $2 to liquefy gas and another $3 to take it from the U.S. to Asia, said Zin Smati, president and chief executive officer of Engie’s GDF Suez Energy North America. Engie changed its name from GDF Suez SA in April. Those costs used to leave plenty of profit margin when the gap between LNG prices in Asia and natural gas in the U.S. was more than $14 per million British thermal units. Now, the spread is less than $5, according to data compiled by Bloomberg.
Freedom of information campaigners are claiming victory in their bid to force the Tate to say how much money it has received in sponsorship from oil giant BP. The funding has attracted controversy since the Deepwater Horizon oil spill in 2010, when 11 workers were killed and four million barrels of oil were spilled into the Gulf of Mexico. Protesters have picketed events at a central London gallery and 8,000 people signed a petition demanding an end to the deal.