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Oil & Gas industry

  • Tuesday, 3 September, 2024
    Lex
    North Sea oil and gas producers are not bluffing over tax

    Neo Energy has warned it will slow UK investments, blaming ‘fiscal and regulatory uncertainty’

    The sun breaks though cloud on to a north sea oil platform
  • Tuesday, 3 September, 2024
    Energy Source
    The academic tasked with fixing the world’s most indebted oil group Premium content

    Energy economics specialist Víctor Rodríguez will run Mexico’s 86-year-old state oil company Pemex

    Claudia Sheinbaum and Víctor Rodríguez
  • Tuesday, 3 September, 2024
    South African economy
    South Africa signals more support for energy groups after Total exits gas project

    Energy minister says government could have done more to make offshore discovery commercially viable

    South Africa’s energy minister Kgosientsho Ramokgopa
  • Monday, 2 September, 2024
    Ovo Energy Ltd
    Ovo’s earnings rose 11-fold in wake of energy crisis

    UK energy companies were allowed by regulator to recoup rising costs through customer bills

    Advertising for Ovo Energy on the side of a bus
  • Monday, 2 September, 2024
    Egypt
    Egypt’s journey from gas bonanza to power blackouts

    Declining fossil fuel output and surging demand spark energy shortage despite production from vast Zohr field

    A street in Egypt during a power cut
  • Saturday, 31 August, 2024
    News in-depthUS presidential election 2024
    Big Oil calls on Harris to come clean on energy and climate plans

    Democratic presidential candidate has dropped her opposition to fracking but still supports green transition

    Kamala Harris in Savannah
  • Thursday, 29 August, 2024
    Shell PLC
    Shell to cut 20% of workers in oil and gas exploration units

    Chief executive Wael Sawan’s cost-cutting drive has reached the oil major’s core upstream business

    A sign on a forecourt canopy at a petrol station operated by Shell
  • Thursday, 29 August, 2024
    European oil majors face falling profits, says Morgan Stanley

    Bank’s analysts cut share price targets for BP, TotalEnergies, Shell, Equinor and Repsol over weaker fossil fuel prices

    Silhouettes of an oil platform and an offshore supply ship in the North Sea
  • Thursday, 29 August, 2024
    UK energy
    UK government will not challenge legal bid to block Rosebank oilfield

    Decision casts doubt on the future of the project, one of the North Sea’s biggest

    The protestors hold placards saying ‘Stop Rosebank’ and ‘No new oil’
  • Wednesday, 28 August, 2024
    Huge cut in overseas fossil fuel funding even as US fails to comply

    Coalition reduces financing by $15bn but does not deliver equivalent rise in funding for clean energy projects

  • Wednesday, 28 August, 2024
    Middle East conflict
    Maritime chief warns of oil spill risk from stricken Red Sea vessel

    The Sounion has a cargo of 1mn barrels of crude and is on fire after being attacked by Houthi rebels in Yemen

    A photo of the stricken Sounion oil tanker
  • Wednesday, 28 August, 2024
    Zainab Usman
    Africa’s petrostates are missing out on the oil boom — and it matters

    Climate activists might celebrate the contraction in production but countries need to finance their energy transitions

    Dangote Petroleum Refinery Petrochemicals in Lagos
  • Tuesday, 27 August, 2024
    Gunvor Group Ltd
    Gunvor reports 50% fall in earnings as energy market volatility declines

    Boom for traders that followed Russia’s full-scale invasion of Ukraine may be coming to an end

    Gunvor’s refinery at Rotterdam in the Netherlands
  • Tuesday, 27 August, 2024
    Energy Source
    Sliding petrol prices are a boon for Democrats Premium content

    Lowest levels since March look set to keep tumbling as the US election draws near

    A nozzle is replaced on a fuel dispenser at a petrol station
  • Monday, 26 August, 2024
    Petroleos Mexicanos
    Mexico’s incoming president Claudia Sheinbaum picks academic to run Pemex

    Energy economics specialist Víctor Rodríguez tasked with helping turn round the fortunes of state-run energy company

    Claudia Sheinbaum and Víctor Rodríguez
  • Monday, 26 August, 2024
    ExxonMobil
    Exxon warns of oil shock if suppliers assume demand will fall by 2050

    Bullish forecast from US supermajor contrasts with predictions of rapid transition form fossil fuel

    The ExxonMobil Baytown refinery in Baytown, Texas
  • Tuesday, 20 August, 2024
    Energy Source
    Green hydrogen: ‘cause for optimism’ even as the hype fizzles Premium content

    Analysts say the market is becoming more realistic, with several projects getting off the ground 

    A worker stands in front of an electrolyser
  • Tuesday, 20 August, 2024
    News in-depthUK energy
    ‘People are walking away’: UK windfall tax hits North Sea oil investment

    Policy uncertainty and Labour’s levy plans threaten fall in production and jobs in ageing oil basin, executives warn

    Ping Petroleum’s Excalibur on the Cromarty Firth
  • Sunday, 18 August, 2024
    News in-depth
    US LNG industry under pressure as challenges and uncertainty mount

    The drive to replace Russian gas has led to surging global demand but American export projects face growing hurdles

    Cameron LNG export facility in Hackberry, Louisiana
  • Friday, 16 August, 2024
    War in Ukraine
    Top US oil group expands in Russia as rivals pull out

    Texas-based company has signed new contracts and recruited hundreds of staff despite the war in Ukraine

    Schlumberger installation on a drilling site in Russia
  • Thursday, 15 August, 2024
    Energy Source
    Chevron’s deepwater breakthrough could drive oil production surge Premium content

    New technology may potentially bring billions of additional barrels of oil and gas within reach of producers

    A deepwater oil platform in the Gulf of Mexico
  • Tuesday, 13 August, 2024
    Energy Source
    Are tariffs enough to save Europe’s biofuels sector? Premium content

    Energy companies have been mothballing plants and furloughing workers amid biodiesel oversupply

    Generators and turbo alternators inside a plant
  • Monday, 12 August, 2024
    Carlyle Group LP
    Carlyle explores €3bn sale of Dutch salt and chemicals producer Nobian

    US buyout group has held talks with investment banks as it prepares for potential sale process expected to start next year

    Nobian produces high-purity salt, chlorine and other speciality chemicals
  • Monday, 12 August, 2024
    EU energy
    European gas traders shun Ukraine storage after Russian attacks

    Increased risk and lack of price incentives diminish appeal of the country’s facilities

    An employee from UkrTransGaz works on gas pipes at the Dashava underground gas storage facility
  • Wednesday, 7 August, 2024
    Strategic Petroleum Reserve USA
    Trump vows to fill up US emergency oil stockpile

    Returning to the reserve levels of his previous presidency would mean US buying nearly 300mn barrels

    Republican presidential candidate Donald Trump
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