OPEC+ finalises heavy oil output cuts in bid to boost sliding prices October 5, 2022 The world's most influential oil cartel, OPEC+, has agreed to its deepest cuts in production since the pandemic.
Offshore workers back North Sea strikes over pay dispute October 5, 2022 Hundreds of offshore workers will go on strike for ten days between now and the end of the year following an escalating dispute over pay.
EU Commission urges member states to agree gas price cap October 5, 2022 Ursula von der Leyen will push eu leaders to reach an agreement for a gas price cap following weeks of disagreements.
Utilita Energy rolls out tips for households to cut energy bills October 5, 2022 Utilita has rolled out workshops offering tips to help households save money on their energy bills this winter.
Aramco boss warns oil markets are still tight despite price slump October 4, 2022 Investors should be focusing on the lack of global spare capacity to boost oil output rather than plummeting demand, argued Aramco.
Government chases gas deals with Norway amid supply crunch fears October 4, 2022 The Government is chasing gas deals with Norway, as it looks to ramp up supply security and ensure the lights stay on this winter.
North Sea industry must focus on training offshore workers for green roles October 4, 2022 The North Sea energy sector needs to focus more on training people for green jobs and shifting workers in the oil and gas industry.
Sweden suspect “gross sabotage” of Nord Stream pipelines in the Baltic Sea October 4, 2022 Sweden closed the area around the ruptured Nord Stream pipelines yesterday as their prosecution authority called it a “crime scene” amid speculations of foul play. “Suspected gross sabotage” led Swedish prosecutor Mats Ljungqvist and the coast guard to ban divers and marine vessels, including underwater vehicles, from being within 5.8 miles of the leaks. On [...]
Shell boss says Governments may need to tax companies to ease energy bills October 4, 2022 Governments should tax companies to help vulnerable customers deal with soaring energy costs, argued Shell's boss Ben van Beurden.
UK courting Norway and Qatar for long-term gas deals as Truss makes energy security a priority October 4, 2022 Locking in long-term gas deals with Norway, Qatar and other countries around the world has become a priority for the new Liz Truss government, as the prime minister said her focus has turned to keeping lights on this winter. Truss said ministers are “looking” at multi-year deals to cut reliance on imports from authoritarian regimes. [...]