Somalia stands on the cusp of launching its inaugural offshore oil drilling programme, following the arrival of the Turkish drillship Çagir Bey in Somali waters on Friday. The deep-water drilling
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Two liquefied natural gas tankers operated by Qatar have been compelled to abandon their attempt to navigate through the Strait of Hormuz, marking a continuation of the export paralysis that
Sunda Energy has announced a transformational acquisition in New Zealand that marks a decisive shift towards production-led operations, according to chief executive Andy Butler. The move is intended to position
Global oil markets experienced renewed volatility on Monday as President Trump escalated threats against Iran, pushing US crude above USD 114 per barrel in early afternoon trading in New York.
The Glendronach gas field, discovered eight years ago off the coast of Shetland, represents a significant untapped energy asset in UK waters. The reservoir possesses the technical capability to deliver
Iran’s blockade of the Strait of Hormuz has now extended beyond four weeks, presenting significant challenges to global energy markets and prompting Gulf states to reconsider their long-term infrastructure strategies.
Britain’s blue-chip share index achieved its highest weekly points gain since 2008, overcoming a sharp rise in oil prices and escalating concerns over the Middle East conflict. The FTSE 100
Britain has taken a firm diplomatic stance against Iran’s attempt to impose transit fees on commercial vessels navigating the Strait of Hormuz, with Foreign Secretary Yvette Cooper declaring that the
Global stock markets staged a broad-based rallied on Wednesday after President Donald Trump signalled that United States military strikes against Iran could conclude within weeks, even in the absence of
Escalating geopolitical tensions in the Middle East have sent petrol and diesel prices surging across the United Kingdom, prompting the Automobile Association to issue formal guidance urging motorists to modify
American petrol prices have surged 36% in the space of a single month, breaching the politically sensitive threshold of USD 4 per gallon and dealing a direct blow to Donald
The European Union has called on citizens to reduce their use of private vehicles and to limit air travel, as the final consignments of diesel and jet fuel from the
The recent escalation in the Iran conflict has triggered significant turbulence in the oil market, capturing the attention of retail investors eager for profit opportunities. The oil price, typically characterised
In a significant escalation of tensions in the region, Iran has issued threats to target some of the largest oil facilities in the Middle East. This move has raised alarms
The head of British Gas, Chris O’Shea, has urged the Government to reconsider its ban on tapping into untapped oil and gas fields in the North Sea. He argues that
Iran has escalated tensions in the Middle East by threatening to target energy sites across the region. This response follows recent demands by Donald Trump, who has given the Iranian
