Crude oil prices are on track for a five per cent weekly gain, driven by escalating geopolitical tensions in the Middle East that have pushed benchmarks closer to the $100
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Aberdeenshire engineering firm Brimmond has entered into an exclusive partnership with Italian hydraulic crane manufacturer Amco Veba. The agreement is designed to broaden the Kintore-based company’s lifting capabilities by expanding
BP has confirmed plans to eliminate approximately 700 positions worldwide as part of a broader strategy to create a simpler and more valuable organisation. The announcement, communicated via email on
Crude oil costs fell sharply on Tuesday after senior American government figures suggested a diplomatic agreement with Iran might soon allow traffic to resume through the strategically vital Strait of
Islay Subsurface & Engineering has formed a strategic partnership with Well-Safe Solutions to undertake decommissioning projects across the North Sea. The collaboration specifically targets work on the Beryl and Forties
The Orange Basin offshore petroleum province has become the focal point for competing energy strategies between Namibia and its southern neighbour, South Africa. While both nations share this Atlantic maritime
Oil markets have breached the psychological threshold of $100 a barrel for the first time since May, a development that has rippled through government debt markets, energy prices across Europe,
Chevron is progressing towards a significant expansion of its operations in Iraq, with the US supermajor scheduled to execute two memoranda of understanding on Friday. The non-binding agreements represent a
Helium One Global Ltd has completed its first helium sale from the Galactica project in the United States, marking a significant operational milestone for the AIM-listed company as it transitions
The recent upheaval in the Middle East, precipitated by escalating tensions in Iran, is reverberating through global energy markets, leading not only to a dramatic rise in oil prices but
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
As the United Kingdom grapples with the dual challenges of an economic slowdown and mounting pressure to transition towards sustainability, the call for a revitalisation of North Sea oil and
In a landscape increasingly shaped by global energy transitions and domestic political strife, the United Kingdom stands at a pivotal juncture regarding its North Sea oil reserves. The Labour Party
In a striking revelation, Saudi Arabia’s state-owned oil titan, Saudi Aramco, has reported an impressive £5 billion increase in profits, a notable windfall that has largely stemmed from the soaring
Norway is poised to reignite its status as a pivotal player in the European energy landscape by unveiling plans to unlock 70 distinct seabed blocks in the North Sea, Norwegian
In a striking revelation that underscores the fragility of global aviation logistics, Lufthansa, Germany’s flagship airline, has issued a grave warning regarding the acute shortage of jet fuel at key
