BP boss Murray Auchincloss admitted the company went "too far, too fast" in its efforts to cut its oil and gas business and shift instead to renewable energy, as he unveiled plans to slash investment in its low-carbon efforts by $5 billion (£4bn).
BP has unveiled a deal with the Government of the Republic of Iraq to invest in several "giant" oil fields in Kirkuk.
Oilfield equipment company EnerQuip has acquired the fabrication division of Hutcheon Services, Aberdeen for an undisclosed sum as part of a £1 million investment.
Investors behind two of the largest oil field services firms have announced plans to create a new "global leader" in energy services.
EnergyPathways (AIM: EPP) has announced progress on its flagship gas production and storage scheme in the Irish Sea as it closes in on an investor to back the development.
Petrofac (LON: PFC) has unveiled plans to raise $355 million (£280m) in funding as part of a rescue deal that will further reduce shareholder allocation.
Oil and gas supermajors' swan legs are kicking frantically below the surface as they attempt to navigate the energy transition. In the first of a two-part series, we examine Equinor's approach.
Energy giant BP continues to ramp up its newest facility in the North Sea, with production from its latest well “exceeding expectations”.
Max Aitken has a richly studded career of investing in innovative clean energy start-ups. From an early investment in BP Pulse, to co-founding bioenergy company Estover, and solar carpark charging company 3ti, he was an early stakeholder in the energy transition.
North Sea catering firm Entier has been acquired by US food services giant Aramark (NYSE: ARMK) for an undisclosed sum.
BP (LON: BP) chief executive Murray Auchincloss has vowed to reveal a "new direction" for the energy giant as investors seek "transformative" change.
Drax £2 billion BECCS plan has to await further support from the government.
UK Prime Minister Sir Keir Starmer has indicated he will not block the Rosebank oil field from going ahead after a court ruled its approval "unlawful".
A looming glut of LNG will loosen global energy markets in the next few years. Might this ease UK energy bills in time for the next general election?
SSE (LON: SSE) has upped its energy production across its portfolio of wind, gas and coal power through the most recent quarter.
Aberdeen-based Centurion Group revealed it has $100 million (£81m) to spend on continuing its acquisition streak this year after a consortium of lenders boosted its credit facilities.
North Sea independent Serica Energy (AIM: SQZ) has applied to extend a license exempting it from potential United States sanctions on its stake in the Rhum field.
French industrial giant Altrad as completed a deal to buy Aberdeen-based Stork UK which means 1,900 workers now have new employers.
An arcane Ofgem decision is bearing fruit. The regulator’s move to carve out space for demand-side response in the UK market has triggered a significant £1 billion investment from French energy technology company Voltalis.
An impending ban on petrol cars and an upcoming government review of drilling licences has created a perfect storm for supermajors.
Siemens Energy AG’s share price recovered on Tuesday, rising 7.53%, after it released a preview of its first quarterly results following Chinese AI chatbot maker DeepSeek's rapid disruption of the US market that sent stocks in a tailspin this week.
Chris Stark said at a Westminster committee hearing this month that the government will explore funding methods used for renewable power to support hydrogen storage.
Campaigners have written to Member of Parliament for Suffolk Coastal, Jenny Riddell-Carpenter, about the billions spent on nuclear project Sizewell C, after costs were speculated to end up spiralling to £40 billion.
Ashtead Technology (AIM: AT.) has reported a "robust" performance in 2024 in an update to the markets.
The North Sea's largest oil and gas producer Harbour Energy (LON: HBR) has highlighted the boost to revenues and production it has enjoyed since acquiring Wintershall DEA in a $11.2 billion (£9.1bn) deal.