Bumper gas production and trading give Shell a lift in fourth quarter January 8, 2024 Shell is expecting a set of fourth quarter results that carries both gains and losses across the business
Harbour Energy’s $11.2bn acquisition will transform the North Sea player January 8, 2024 Panic buying the week before Christmas is a familiar practice the world over. Presents, booze, holidays; the phenomenon is a manifestation of ‘fear of missing out’ culture and one that incurs massive spending. News of London-listed Harbour Energy’s blockbuster $11.2bn buy of Wintershall Dea’s oil and gas assets closed at 3pm GMT on 21st December. [...]
Oil from new licences ‘would make little difference’ to UK energy security January 8, 2024 Oil from new licences granted to North Sea producers and sent to UK refineries would account for less than one per cent of the fuels used here in 2030, analysis has found.
Major BP investors pushing for BAE chief to be next CEO January 7, 2024 Several major investors in BP have reportedly urged the oil and gas giant to approach Charles Woodburn, boss of defence firm BAE Systems, about becoming its next chief executive.
Goldman warns oil prices could double if Houthi Red Sea shipping attacks continue January 5, 2024 Maersk has suspended all shipping through the Red Sea until further notice
Ithaca chief departs oil giant after post-IPO malaise January 5, 2024 Oil and gas producer Ithaca Energy’s chief executive Alan Bruce is leaving the company, which has taken on water since its disappointing stock market flotation last year. A statement released by the firm today confirms Bruce’s departure “to pursue new opportunities” with immediate effect. While the search for a permanent replacement begins, chief financial officer [...]
Relief for drivers as UK petrol prices fall by 6p per litre in December January 5, 2024 The average price of petrol in the UK fell by 6p per litre in December in a relief for consumers after a year of trouble at the pumps.
BP and Equinor bin New York wind farm as surging costs derail yet another green energy project January 4, 2024 BP and Equinor have scrapped the contract to deliver the project at a strike price of $107.5 per MWh
Moving markets: What’s shaping the FTSE 100 today January 4, 2024 Moving Markets Today: Asia Tracks Wall Street Decline, Oil Prices Rise on Middle East Supply Concerns, China’s December Services Surge, Spotlight on UK Services PMI and U.S. Labor Market Data Global markets declined as U.S. stocks faced profit-taking after a strong 2023 finish. Asian markets followed suit on the heels of the Fed signalling a [...]
Oil Prices rise on Middle East supply fears January 4, 2024 Brent crude gained 0.3% to hit $78.46 per barrel, while U.S. West Texas Intermediate crude futures increased by 0.43% to $73.01