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
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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
BP has announced the approval of a £5 billion project to develop the Tiber oil field in the Gulf of Mexico, a resource previously considered too hazardous to exploit due
In a remarkable transformation, Mark Carney, once heralded as the Bank of England’s greenest-ever governor, has executed a striking policy reversal. The former central banker who adamantly advocated leaving 80%
Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in
The Indian government has unveiled groundbreaking legislation designed to revolutionise its domestic oil and gas exploration sector, marking a decisive shift towards energy independence. The move comes as Asia’s third-largest
The chief executive of Frontline, the world’s largest publicly listed oil tanker operator, has delivered a stark warning about the growing threat posed by unregulated ‘dark fleet’ vessels, suggesting a
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