North Sea oil and gas industry ripe for M&A activity but constrained by lack of cash September 27, 2023 The North Sea is ripe for takeovers with multiple oil and gas assets up for grabs, but the lack of finances means few players will benefit.
Winter gas price rally unlikely despite recent steady climb, experts say September 25, 2023 Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European benchmarks.
Oil prices climbs above $95 per barrel as weak US output worsens supply woes September 19, 2023 Oil prices are within touching distance of the $100 milestone, after underwhelming levels of shale production in the US.
Serica Energy boss still open to mergers as oil and gas industry faces ‘rocky road’ September 19, 2023 Serica Energy is still open to merger and expansion opportunities in the North Sea, confirmed the oil and gas producer's boss.
Harbour Energy’s embrace of carbon capture reflects shift in North Sea industry aims September 18, 2023 Harbour has embraced CCS while staying away from oil and gas - reflecting the mood music across the North Sea.
Ofgem demands Ovo Energy tackles unresolved customer complaints August 21, 2023 Ofgem has ordered one of the UK's largest energy firms to improve its customer service after 'serious' concerns were raised.
Banks to snub Treasury meeting as UK oil and gas sector struggles for financing August 20, 2023 The UK’s oil and gas sector faces the growing prospect of a cash crunch, with the Treasury’s latest attempts to lure lenders unlikely to succeed.
Ofgem: “Broad and crude” energy price cap needs looking at August 15, 2023 Ofgem boss Jonathan Brearley has urged ministers to reconsider whether the "very broad and crude" price cap is still fit for purpose.
Oil price rally unlikely to hit $100 per barrel milestone this year, experts say August 14, 2023 Oil prices are unlikely to hit $100 per barrel this year despite a seven-week rebound and tightening supplies this year, experts predict.
Oil records seven weeks of gains despite IEA and OPEC’s differing demand outlooks August 13, 2023 Oil begins trading on Monday after recording seven consecutive weekly gains amid growing expectations of tightening supplies.