Fund manager Abrdn struggles to offload Rosneft stake February 28, 2022 FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from state-backed russian companies.
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 [...]
Four arrested as Just Stop Oil vandalise energy giant Total’s Canary Wharf HQ with paint June 27, 2023 Total Energies is the latest victim of Just Stop Oil's crusade against oil and gas firm, which chucked orange paint at its Canary Wharf base.
Oil holds firm from December rally as Putin ramps up pressure on the West January 3, 2023 Oil prices are holding firm this morning, seemingly consolidating last week's rally which saw both benchmarks trading at a month high.
Oil prices slide as weak economy data in China fuels demand concerns July 17, 2023 Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.
Russia oil exploration hits record levels as Putin fights sanctions with drilling January 10, 2024 Russia's 2023 drilling volumes broke post-pandemic records
Harbour Energy’s $11.2bn acquisition will transform the North Sea player January 8, 2024 Panic buying the week before Christmas is a familiar practice the world over. Presents, booze, holidays; the phenomenon is a manifestation of ‘fear of missing out’ culture and one that incurs massive spending. News of London-listed Harbour Energy’s blockbuster $11.2bn buy of Wintershall Dea’s oil and gas assets closed at 3pm GMT on 21st December. [...]
Equinor cuts shareholder payouts as fossil fuel returns slow and renewables drag February 7, 2024 Equinor will return $3bn (£2.3bn) less to shareholders in 2024 than a year prior
CEO of Italy’s Eni sees no major energy price upsets in 2023 April 29, 2023 The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any “big shocks” on the energy markets this year. “European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations,” Descalzi said in [...]
Oil prices struggle to rebound despite latest cuts from Saudi Arabia and Russia July 4, 2023 Fresh supply cuts from top exporters Saudi Arabia and Russia has failed to drive up prices for oil in this morning's trading.