An activist investor seeking to halt Capricorn Energy Plc’s (LON: CNE) takeover by NewMed Energy LP has converted its holdings to common shares, according to people familiar with the matter.
Oil extended a rebound from the lowest level in almost a year on speculation that the Organization of Petroleum Exporting Countries and its allies will deepen supply cuts to respond to weakening global demand.
Shell (LON: SHEL) will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels.
The Autumn Budget is passed and Xmas is on the horizon - so government pledges of more work "this year" to bring vital emissions-busting CCS projects online are in question.
Harbour Energy (LON: HBR), the North Sea’s largest producer, looks set to be relegated from the list of leading publicly-quoted UK companies after a windfall tax body blow.
One of Rishi Sunak’s senior Cabinet ministers hinted his government could drop an effective ban on new onshore wind farms, amid growing calls for a U-turn from members of his ruling Conservative Party.
Just Stop Oil is expected to begin two weeks of action in London from today, with Metropolitan Police urging the public not to take matters into their own hands.
Tory MPs have told Chancellor Jeremy Hunt that the windfall tax on oil and gas companies needs to be watered down to avoid an “existential threat” to the North Sea.
A new event celebrating the connective power of the energy industry while also raising cash for a life-saving helicopter service took place in style on Saturday night.
Members of the public have been invited to have their say on the first phase of plans for a £215m hydrogen scheme planned by BP and Aberdeen City Council.
The UK will spend billions removing oil and gas assets over the next decade, and billions more installing offshore windfarms – so why doesn’t it have a heavy lift business to capitalise on it?
Dozens of Petrofac (LON: PFC) workers on BP (LON: BP) assets in the North Sea and West of Shetland are to take part in strikes in a dispute over offshore shift rotas.
Analysts have warned that the surprise announcement of a new CEO for Petrofac (LON: PFC) is a negative signal for investors, with “renewed scrutiny” ahead for its balance sheet.
Baker Hughes' (NASDAQ: BKR) takeover of Altus Intervention could lead to “higher prices, reduced choice and lower quality services” in the UK oil and gas sector, competition authorities have warned.