Three oil tankers insured by a leading British syndicate are at the centre of a developing diplomatic confrontation after they were observed transporting oil from the Venezuelan port of Puerto
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Plans for the Sea Lion oil field, located 137 miles north of the Falkland Islands, have reached a significant milestone as Rockhopper Exploration and its operating partner Navitas Petroleum commit
Energy giant ExxonMobil has sharply criticised Labour’s policy on North Sea oil and gas, warning that the Government’s refusal to issue new drilling licences risks undermining British industry and economic
The presence of the American fleet in the Caribbean signals a major shift in geopolitical tension. Led by the USS Gerald Ford, the world’s most powerful aircraft carrier, the United
President Trump has escalated trade tensions with India by increasing tariffs on Indian imports to a steep 50 per cent. This move follows Delhi’s continued purchase of Russian oil, a
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
The European Commission has proposed reducing the price cap on Russian oil exports in a bid to tighten sanctions, further restricting the Kremlin’s revenue streams. The proposal, led by Commission
The global oil market in 2025 is poised to navigate a complex interplay of supply dynamics, demand fluctuations, and geopolitical uncertainties. As of April 2025, Brent crude prices are hovering
The weekly highlights in both the oil and gas industry and the mining sector feature significant updates from various companies, shedding light on ongoing activities and advancements within these industries.
