Prime Minister Boris Johnson confirms support for North Sea oil and gas industry March 14, 2022 Prime Minister Boris Johnson gave his backing to the North Sea oil and gas industry as the UK looks to ensure supply security.
EDF faces €26bn hit from price cap and nuclear power outages March 14, 2022 French state-controlled energy firm EDF has sharply downgraded its forecast this year - estimating a €26bn hit on its core profits.
UK looks north: Oil and gas remain key to energy independence March 14, 2022 The UK is seemingly committed to North Sea oil and gas as it cuts itself off from Russian energy supplies following the invasion of Ukraine.
200,000 barrels a day: BP joins forces with Eni to create Angola’s largest oil and gas producer March 14, 2022 BP and Eni told City A.M. in an email that they have signed an agreement to form a new 50/50 independent company, Azule Energy through the combination of the two companies’ Angolan businesses. The agreement follows a memorandum of understanding between the companies agreed in May 2021. Azule Energy will be a new international energy [...]
Rio Tinto cuts ties with Russia March 10, 2022 Rio Tinto became the first major mining company to announce it was severing ties with Russian businesses following the invasion of Ukraine.
Gas prices hit record levels this month reveals Office for National Statistics March 10, 2022 Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), according to the ONS.
UAE hints at supporting boost in oil supplies following Russia’s invasion of Ukraine March 10, 2022 OPEC member United Arab Emirates called for more oil supplies to be pumped into the market yesterday amid fears of supply shortages.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
Oil prices fall as Europe holds back from energy sanctions on Russia March 9, 2022 Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.