Shell’s $1.3 billion sale of its onshore production unit has been rejected by Nigeria, a blow for the oil giant’s plans to leave the troubled shallow-water sector in the Niger
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The global oil price has fallen by nearly $3.50 per barrel as concerns over a slowdown of China continue and fears about an attack on Iran’s nuclear facilities by Israel
BP plans to abandon an ambitious goal to reduce its oil and natural gas production by the year 2020 as it fights to close a valuation difference with competitors in
Bank of England monitors the Middle East Crisis amid fears that a worsening warbetween Iran & Israel will make it difficult to stabilize oil prices, leaving the global economy susceptible
Oil prices reached their highest level in over a month, amid fears of retaliatory attacks by Israel on Iranian oil installations. Biden responded, “We are in the process of discussing
Harold Hamm, a US shale oil magnate, has accused Biden’s administration of making the country “unusually susceptible” to an Middle East oil price spike by draining the nation’s strategic petroleum
The oil price rose by 4 percent after Iran launched an attack on Israel, the latest escalation of the conflict in the Middle East. One-month contracts for crude (the international
Despite a rapidly declining share price, Pantheon Resources PLC appears to be strategically positioned to advance its Alaskan oil and gas projects, with a clear focus on minimizing shareholder dilution and maximizing value. The upcoming Megr-1 well and the gas sales initiative with AGDC are pivotal to the company's plans. Investors can expect further updates as these initiatives progress, with the potential for significant value creation in the near term.
The chief executive of Enquest, a major North Sea oil and gas producer, has issued a stark warning about the detrimental effects of the windfall tax on offshore oil and
The future of a significant £900 million oil and gas project in the North Sea is uncertain as Neo Energy, the lead developer, plans to reduce investment. This decision is
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) is inching closer to achieving ‘commerciality’ as per an investment bank’s assessment, following the company’s latest well test results and a strategic acquisition that
Ithaca Energy, a prominent North Sea energy firm, has reported a significant drop in its interim profit due to reduced production and declining gas prices. The company’s production decreased by
The Treasury has moved to quell a heated dispute with the North Sea oil and gas industry by committing to maintain investment reliefs on low-carbon projects. This decision aims to
SLB and Halliburton, two of the world’s leading oilfield service providers, reported strong international demand for crude drilling after posting earnings that met or exceeded expectations, supporting their shift into overseas markets. SLB announced second-quarter earnings of 85 cents a share, excluding certain items, surpassing analysts' expectations, according to a Friday statement. Halliburton reported earnings of 80 cents a share, matching expectations.
The Labor government faces a legal dilemma in its plans to ban new North Sea oil exploration and gas before the latest licensing round for the industry closes. After sweeping
BP predicted that global carbon emissions will stop rising by mid-2020 due to a boom in wind and solar energy. In its influential outlook report, the energy company found that
