Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases November 2, 2023 Shell is the latest energy giant to post a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a 40 per cent decline year-on-year.
Hooked on gas? How Europe could fare in a winter energy crisis October 31, 2023 Experts are divided over whether Europe is in prime position to meet its energy needs this winter, with the continent depending on LNG.
BP posts hefty £2.7bn earnings but misses estimates amid falling gas prices October 31, 2023 Energy giant BP has posted hefty third quarter earnings of £2.7bn ($3.3bn) this morning, fuelled by robust fossil fuel trading and soaring oil prices.
Aviva hammers government push for North Sea oil and gas drilling October 30, 2023 Insurer's chief executive Amanda Blanc fears UK's climate goals are under threat
Award of 27 oil and gas licences ‘boost for UK energy security’ October 29, 2023 An offshore energy trade body has welcomed the announcement of 27 new oil and gas licences as a “boost for UK energy security”. Announcing the licences, the North Sea Transition Authority (NSTA) said they have been awarded in areas prioritised because they have the potential to go into production more quickly than others. It said [...]
Global uncertainty strengthens case for UK oil and gas, says industry boss October 23, 2023 Emerging geopolitical challenges are strengthening the case for domestic oil and gas production, argued the chief executive of OEUK.
National Gas boss warns businesses could be threatened if network scrapped October 18, 2023 The head of the UK's gas networks has urged the government not to scrap the country's pipelines in favour of electrification of the grid.
Greta Thunberg arrested in London as oil chiefs urged to stop funding politics October 17, 2023 Climate activists including Greta Thunberg have been arrested after they gathered outside a central London hotel protesting oil firms.
BP shares soar as energy giant hikes profit guidance October 12, 2023 Shares in BP have risen robustly in today's trading, with investor sentiment improving towards the energy giant.
OPEC+ opt against further oil output cuts as prices drop on demand fears October 5, 2023 Oil prices have slide after OPEC+, opted against further changes to the group's hawkish output cuts this year.