The United Kingdom government has formally established an Energy Wealth Fund, a move that marks the culmination of a decades long debate regarding the management of North Sea hydrocarbon revenues.
Oil & Gas
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The number of vessels reporting attacks in and around the Strait of Hormuz has reached a record high, according to an analysis of data from a United Kingdom maritime agency.
Prime Minister Andy Burnham has indicated that a decision on oil and gas drilling at the Jackdaw and Rosebank sites in the North Sea is imminent, following a period of
Emissions from oil and gas production in the North Sea have decreased for the sixth consecutive year, according to the North Sea Transition Authority. The regulator reported that production emissions
Global crude oil prices reached their highest levels in nearly two weeks on Monday morning. The increase was driven by fresh attacks on Saudi Arabia and oil tankers near the
Global oil inventories are approaching critical operational minimums as international bodies continue to release emergency stocks to stabilise fuel markets. The International Energy Agency announced earlier this week that it
Hurricane Isaias has forced the shutdown of nearly 1.46 million barrels per day of oil production in the United States Gulf of Mexico. The Marine Minerals Administration reported on Friday
The Unite union has issued a warning that impending industrial action by oil workers in the North Sea could severely disrupt fuel supplies across the United Kingdom. The union stated
Welding and coating specialist CRC Evans has opened a 90,000 square foot facility in Burnley, marking a significant step in its strategy to expand production across Europe and other international
Iran has issued a stark warning that it will target energy infrastructure across the Middle East if its security is not guaranteed, escalating its rhetoric while awaiting an official United
The Conservative party has confirmed it would dismantle the national energy company Great British Energy if it secures victory at the next general election. Andrew Bowie, who recently assumed the
Brent crude prices climbed by four per cent on Thursday to reach $107.90 a barrel following a military intervention by Saudi Arabia. The kingdom’s forces successfully intercepted six ballistic missiles
Rising international oil prices and a global sell-off in government bonds are creating significant fiscal constraints for the United Kingdom ahead of the upcoming budget. Treasury officials acknowledge that the
JP Morgan has disclosed that it is unable to forecast the future trajectory of oil prices due to the ongoing conflict between the United States and Iran. In a rare
Rockhopper Exploration has concluded a secondary share offer to shareholders, securing approximately $20 million in gross proceeds. The AIM-listed company announced the results on Wednesday, confirming that the second tranche
The ongoing consultations regarding the Rosebank and Jackdaw offshore projects have reignited the debate over domestic hydrocarbon production in the United Kingdom. With the consultation period closing last month, public