Global oil prices have retreated to their lowest levels since late August, while equity markets rallied, following remarks by US President Donald Trump that the conflict with Iran is effectively
Oil & Gas
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Proceedings commenced at the International Tribunal for the Law of the Sea in Hamburg to determine the future of the Sea Lion offshore development near the Falkland Islands. Argentina initiated
Global oil prices have recorded one of their steepest weekly declines in recent memory, with ICE Brent crude sliding by 15 per cent to reach $99 per barrel. This sharp
The Scottish first minister has formally opposed the UK Government’s proposal to legislate a ban on new oil and gas exploration in the North Sea. John Swinney stated that the
Shell has agreed to divest its 16.67% non-operated interest in the North West Shelf venture in Western Australia to XRG for a base consideration of $1.45bn. The transaction, which is
The United Kingdom’s oil and gas industry is described as being one significant incident away from losing its social licence to operate, following a reported rise in fatalities both domestically
Global oil prices have continued to rise even as reports indicate a recovery in crude flows from the Persian Gulf and the Red Sea. This divergence between physical supply data
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.
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