Oil pulls back as OPEC boss warns high prices are here to stay October 3, 2023 Oil prices have pared back from last month's rally, weighed down by a stronger US dollar and rising bond yields.
Oil prices rise on US crude draws, tight global supply and Rosebank announcement September 28, 2023 Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude LCOc1 futures climbed 16 cents to $96.71 a barrel by 0001 GMT. U.S. West Texas Intermediate crude futures (WTI) rose [...]
Rosebank’s approval sends oil shares soaring and triggers green backlash September 28, 2023 Plans to develop the UK’s largest untapped oil and gas field were approved by regulators yesterday – sending shares in its backers soaring and triggering a wave of green criticism.
Rosebank: Climate campaigners prepare legal action against oil and gas field September 27, 2023 Climate campaigners have vowed to take legal action against the government, following the approval of Rosebank this morning.
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.