European gas storage is filling up quicker than demand allows with reserves set to reach maximum capacity by September, says Investec head of commodities Callum Macpherson.
North Sea firm Capricorn Energy (LON: CNE) has bolstered its ranks with the appointment of a new commercial director.
Expert eyes are starting to turn to Christmas 2023, as Europe has kept the lights on through this festive period despite an energy crisis that has gripped the continent for more than a year.
What are ‘historically more normal prices’? Through 2022 the Brent oil price averaged about $100 a barrel (bbl), up around 40% on 2021. This follows a volatile 12 months where prices started the year at $78/bbl, reaching a peak of $130/bbl in March following Russia’s invasion of Ukraine.
With an expected surge in the windfall tax in today's Autumn Budget, North Sea industry executives have set out their key asks for chancellor Jeremy Hunt.
There was once a time when grandiose economic statements were something of a collector’s item.
A leading analyst says there are indications that high gas prices are likely to be a “multi-year” challenge, rather than a “spike”.
Tesco boss says oil giants would be unfazed by windfall tax, industry expert warns it could create a precedent
The chairman of supermarket chain Tesco has added his name to the list of those calling for a windfall tax on the profits of oil and gas companies.
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
Four of South Africa’s five major banks have said they will not support the East African Crude Oil Pipeline (EACOP), in Uganda and Tanzania.
Pressure is growing on the UK energy regulator to account for its role in allowing a landslide of energy suppliers to go out of business, at a cost to consumers.
The UK oil and gas sector has announced a move to address a “gap” in investor expectations for climate-related reporting.
The Brent oil price has reached its highest in 13 months, but experts say questions persist on whether activity in the UK North Sea will see a similar resurgence.
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
China Petroleum and Technology Development Co. (CPTDC) has won work to provide natural gas compressors to Orca Energy in southern Tanzania.
Numis Securities has opted to cut its natural resources division, driving a number of companies to seek new brokers.
At a point when the world’s economic system is creaking and the oil market is suffering from its own supplementary crisis, it can be hard to imagine what may come next.
US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
As Brexit looms near, the Energy Industries Council (EIC), will be holding a series of free regional events and webinars to prepare members and the public how to get their business ready for Brexit.
The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.
Inflation is expected to have held steady below the Bank of England's target in February, thanks to the cap on energy prices.
Opec and its allies have agreed to cut global oil production by 1.2million barrels per day in a bid to end the recent oil price fall.
As Centrica released its trading update yesterday it revealed the loss of almost a million British Gas customers.