Ed Miliband’s recent decision to halt operations in the North Sea is projected to result in a staggering £10 billion in lost tax revenue for the government by the year
Oil Production
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The price of oil is on the rise once again, defying efforts to stabilise the market following the release of a record 400 million barrels of emergency reserves by the
RBC Capital Markets has downgraded Shell to Sector Perform from Outperform, expressing significant concerns regarding the energy major’s resource depth following what the bank characterised as an unusual double miss
Donald Trump has once again taken the reins of the White House, advocating for an aggressive approach to oil production. His rallying cry of “drill baby drill” highlights his commitment
India’s largest refiner has indicated potential interest in resuming Venezuelan crude purchases, contingent upon approval from Washington for sales to non-US buyers. This development follows recent political changes in Venezuela
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
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
Oil production in the waters off the Falkland Islands is set to commence following the final investment decisions made by Navitas Petroleum of Israel and Britain’s Rockhopper Exploration. The initial
Opec Plus has announced it will increase oil output next month as Saudi Arabia, the de facto leader of the group, seeks to bolster its market share. The decision, made
The Lindsey oil refinery in Lincolnshire is set to shut its doors after administrators failed to secure a viable buyer, placing 625 jobs in jeopardy and creating ripples across the
British billionaire Zuber Issa, widely recognised for his pivotal role in acquiring Asda, is reported to be exploring a daring multibillion-pound bid to purchase Castrol Oils. The lubricant business, owned
BP has announced a sharp reduction in its spending plans following a halving of profits for the first quarter of the year. The company’s strategy chief, Giulia Chierchia, has revealed
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
