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
Oil & Gas
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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
Borrowing costs for the United States government have climbed to their highest level since 2007, driven by a sharp increase in oil prices that has intensified inflationary concerns. The effective
Europa Oil and Gas has reported flat revenue for the first half of the year, positioning the company for what management describes as a pivotal second half. The firm’s unaudited
Thousands of households across the UK that depend on heating oil are facing a significant financial squeeze this winter, driven by global tensions that have pushed fuel prices to new
Saudi Arabia has suspended operations on a major oil pipeline, attributing the disruption to drone attacks launched from Iraqi territory. The kingdom, which is the world’s largest exporter of crude
Global oil prices are positioned to end the week above the 100 dollars per barrel threshold, marking the first such weekly close since mid-May. Although trading values slipped on Friday,
AIM-listed UK Oil and Gas has announced a corporate rebrand to UK Energy Group, a move designed to reflect its strategic pivot away from onshore hydrocarbon production. The company will
Global financial markets experienced a renewed sell-off in government bonds on Thursday, driven by a sharp increase in crude oil prices and growing concerns over sovereign debt levels. The cost