How close is the Rosebank North Sea oil and gas field to approval? April 5, 2023 Oil and gas field Rosebank remains a couple steps short of reaching Grant Shapps' desk, City A.M. can confirm.
Harbour Energy ramps up industry calls for price floor inclusion in windfall tax April 3, 2023 Harbour Energy has made fresh warnings about the UK’s investment climate amid uncertainty over a price floor in the windfall tax.
Green Day’s Good News: Here are the winners in the energy sector April 3, 2023 Green Day is over - with much of the energy industry disappointed. But there were some winners which City A.M. highlights.
Ithaca Energy hesitates over stake in controversial Rosebank oil field April 3, 2023 Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, City A.M. understands.
North Sea oil and gas firms are struggling despite BP and Shell record profits, industry body warns March 28, 2023 The record earnings of BP and Shell do not reflect the challenges most North Sea producers face from the windfall tax, argued OEUK.
Oil sightings down 60 per cent after leak in Poole Harbour as clean-up plans launched March 27, 2023 Sightings of oil in Poole Harbour following a pipeline spill are down 60 per cent after a clean-up plan begins to protect nature reserves.
UK risks net zero goals without end date for North Sea oil and gas projects March 25, 2023 The UK needs to accelerate plans to cut emissions in the North Sea or risk its net zero goals, warned the chair of a panel of MPs.
Cost of UK energy imports more than doubles as North Sea body urges government to back British oil and gas March 22, 2023 The UK’s energy import bill more than double last year, amid an increasing reliance on overseas supplies, revealed Offshore Energies UK.
UK faces supply crunch as gas and nuclear power plants close, warns Drax as it halts key biomass project March 21, 2023 The UK is facing a significant shortage in power that can be brought online at times of peak demand, warned Drax.
Oil toils: Crude prices tumble as global banking chaos triggers recession fears March 20, 2023 Both major oil benchmarks have plummeted in this morning's trading, with investors spooked over the instability in the banking sector.