Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy.
Oil prices have risen due to "increased uncertainty" over how the situation in Israel and Palestine could disrupt output from the Middle East.
Neil McDonald, head of Scotland at the firm, says it wants to support growing energy firms.
On August 25, the United Nations General Assembly (UNGA) adopted a resolution proclaiming that January 26, 2024 will be dubbed the International Day of Clean Energy.
Fixed energy tariffs are making a comeback in the UK, allowing consumers to lock in power and gas rates now that prices have eased from last year’s record levels.
For all the hype surrounding the emissions-free energy source, European manufacturers both large and small are reluctant to buy into hydrogen
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."
NEO Energy has selected an FPSO for the Greater Buchan Area oil redevelopment in the North Sea.
The Energy and Climate Change Intelligence Unit (ECIU) said that it would not be possible to avoid this by producing more gas domestically, as the UK's North Sea reserves are dwindling.
Shares in Wood are down 34% on the news that Apollo will no longer be pursuing the Aberdeen engineering giant.
That's a "big beat" from Shell, noted analysts, with earnings arounf $1.5bn higher than expected.
The oil giant, which made over $27bn net profits last year, previously said the UK accounts for around 15% its global total.
Japan’s JAPEX is to invest millions of dollars in exploration in Norway via Longboat Energy.
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
Lower oil prices and the UK's EPL saw TotalEnergies' E&P division earnings drop 47%.
Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
The NSTA is proposing new rules to streamline industry deals and boost energy security.
Neptune Energy is moving ahead with plans for a sale after talks about a takeover by Italian energy group Eni (MI: ENI) cooled, people with knowledge of the matter said.
UK Export Finance is the government’s export credit agency (ECA). Its mission is to advance prosperity by ensuring that no viable UK export fails for lack of finance or insurance doing that sustainably and at no net cost to the taxpayer.
Deal-making in the energy industry is no longer a simple affair, regardless of whether it is fresh investment in new capital projects off- or onshore; assets trading; oil & gas/power generation company mergers and takeovers, or supply chain related.
It’s been a busy 12 months of Mergers & Acquisitions (M&A) activity as the UK continues to rebound from Covid.
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
Aberdeen-headquartered energy services giant Wood (LON: WG) has seen shares soar after a fourth - and sweetened - takeover offer from US firm Apollo.
Shell (LON: SHEL) CEO Wael Sawan has warned that the US is more attractive for investment than the firm’s home base of the UK.