Labour ‘may as well hand out dole notices’ after North Sea oil ban plans May 29, 2023 LABOUR were accused of undermining the UK’s energy security after it emerged the party was considering banning new North Sea oil and gas licences, should it win the next election. Reports in the Sunday Times suggested that Keir Starmer and his shadow chancellor, Rachel Reeves, were minded to block any new development in what remains [...]
Labour ‘set to rule out’ all further North Sea oil and gas projects May 28, 2023 New North Sea oil and gas developments will reportedly be blocked under a Labour government. Labour leader Sir Keir Starmer is on the verge of announcing the block when he sets out his net-zero energy policy in Scotland next month, The Sunday Times said. As part of the energy plans, the newspaper reported a Sir [...]
Eni’s net profit beats expectations powered by strong gas business April 28, 2023 Italian energy group Eni has revealed its first-quarter net profit fell 11 per cent year on year due to lower oil and gas prices.
Shapps: We ‘want and need’ oil and gas sector to reach net zero and protect UK’s energy security April 25, 2023 The UK "wants and needs" the oil and gas sector to help reach net zero and protect the UK's energy security, Grant Shapps told MPs today.
North Sea oil workers begin ‘biggest offshore stoppage in a generation’ April 24, 2023 North Sea oil workers have begun the “biggest offshore stoppage in a generation”, with 48-hour strikes on oil and gas rigs.