In a pivotal move signalling the evolving landscape of the UK oil industry, Enquest, a London-listed oil and gas firm, has announced the acquisition of Malaysian assets from Petronas Carigali
Oil Exploration
33Articles
In a remarkable address during the Wall Street Journal CEO Council Summit in London, Wael Sawan, the chief executive of Shell, offered an alarming perspective on the current state of
The longstanding tensions between multinational oil corporations and local communities have reached a critical juncture as Shell, the British oil giant, is embroiled in a class action lawsuit filed in
The long-anticipated push into oil production at the Sea Lion field, located north of the Falkland Islands, is set to move forward as Rockhopper Exploration, the UK-based company that co-owns
In a landscape often defined by uncertainty, the recent fluctuations in oil prices have provided a significant narrative thread that weaves together elements of international diplomacy, economic forecasting, and domestic
The head of the International Energy Agency (IEA), Fatih Birol, has issued a stark warning regarding the state of global oil stockpiles, stating that they are depleting at an alarming
The Strait of Hormuz, a pivotal maritime corridor for global oil supplies, is now at the forefront of escalating tensions stemming from America’s foreign policy under the Trump administration. With
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
Chancellor Rachel Reeves has publicly declared her support for expanded North Sea oil and gas extraction, describing herself as “very happy” to see drilling proceed at two proposed new fields,
Iraq has reached an agreement with the Kurdistan Regional Government to divert approximately 250,000 barrels of oil per day through Turkey. This decision follows years of negotiations over crude exports
The United Kingdom has joined an unprecedented global release of emergency oil reserves, a move aimed at stabilising soaring crude prices following significant disruptions caused by the ongoing conflict in
Shell stands to secure billions of dollars in revenue from Venezuelan gas projects following the political transition that saw Donald Trump facilitate the departure of Nicolás Maduro. The British supermajor
Turkey is set to commence its inaugural deepwater drilling operation off the coast of Somalia next month, marking a significant milestone in Ankara’s overseas energy exploration strategy. Energy Minister Alparslan
Pantheon Resources PLC has characterised the 2025 financial year as a period dedicated to strengthening its operational foundations and preparing for potential development activities. Chair David Hobbs emphasised that the
Rockhopper Exploration has secured 142 million dollars through a share placing on Londons junior equity market, bringing the long anticipated Sea Lion oil field project in the North Falkland Basin
Three oil tankers insured by a leading British syndicate are at the centre of a developing diplomatic confrontation after they were observed transporting oil from the Venezuelan port of Puerto
