BP considers North Sea oilfield sale amid market rallies March 23, 2022 BP is reportedly pursuing buyers for its closed Foinaven oilfield in the North Sea with oil prices rallying
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.
Shell reconsiders decision to pull out of Cambo oilfield amid rising oil prices March 22, 2022 Shell is reportedly reconsidering its decision to pull out of the controversial Cambo oilfield amid skyrocketing energy prices.
Norwegian drilling champion Longboat Energy buffered by ‘material discovery’ and Russian oil and gas departure March 22, 2022 Emerging North Sea-focused E&P business Longboat Energy reported slow but steady growth this morning, as it remains fully-funded to complete its ongoing committed drilling programme.
Oil prices bounce back as EU considers joining UK and US with Russian energy sanctions March 21, 2022 Oil prices climbed over three per cent this morning, as eu nations weigh up the possibility of imposing energy sanctions on Russia.
Oil markets rebound after IEA warns of supply shortages March 17, 2022 Oil prices have soared nearly seven per cent, following IEA warnings of supply shortages this year with Russian oil increasingly cut off
Oil prices dip below $100 per barrel as Ukraine-Russia draw up neutrality plan March 16, 2022 Brent Crude prices plunged below $100 again today amid reports Russia and Ukraine have made progress on a 15-point peace plan.
IEA warns of supply deficits with Russian oil isolated from global markets March 16, 2022 The world is set for a supply deficit of 700,000 barrels per day in the second quarter of this year, according to the IEA.
Fuel exploration firm Pharos’ profits rise as new chief executive announced and Egypt deals near March 16, 2022 Gas and oil exploration firm Pharos Energy experienced increased profits and revenue last year, as it appointed a new chief executive to coincide with deals for two major Egyptian concessions. The London-based company had an operating profit of £48.3m (£37.3m) in 2021 according to its preliminary results, following a pandemic loss of $231.3m (£177m) the [...]
Q&A: Why have oil prices dropped below $100 per barrel again? March 15, 2022 An quick Q&A explaining why prices have dipped after historic rallies earlier this month, amid increasingly volatile markets conditions.