BP plans to carve out its offshore wind assets as part of a joint venture with Japan’s largest power generation company, as oil supermajors move to insulate themselves from share price shocks associated with their low-carbon investments.
Union Jack Oil plc’s (AIM: UJO) executive chair David Bramhill has said controversially that the “most productive phase” of the Wressle oil field still lies ahead.
A UK investment bank says it is committed to expanding its oil and gas franchise amid widespread retrenchment from the sector.
A landmark hearing concluded Friday that will decide the future of Rosebank, the UK’s largest undeveloped oil field.
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
There is only one phrase that can possibly be used to describe the Westminster government’s approach to oil and gas – ideological zealotry, bordering on madness.
Global investment in the energy transition must double to $3.5 trillion a year to keep global warming below catastrophic levels, according to a new report by analytics and consultancy firm Wood Mackenzie.
The president of The Rockefeller Foundation, a multi-billion-dollar philanthropic investment house that began life investing the oil profits of John D. Rockefeller, has said the firm’s priority is an “equitable” energy transition.
BP PLC has warned that it expects profit margins to slump this quarter due to a fall in oil trading and is instead relying on an unlikely source of growth, electric vehicles, to steady the ship this year.
"Make it an epoch – not an episode!"
The Supreme Court's decision in the Finch case could have implications for North Sea oil and gas firms including Shell and Equinor.
Democrats are asking the US Department of Justice to investigate major oil companies and their trade groups following a congressional probe that concluded the industry spent decades deceiving the public about climate change.
Net Zero Secretary Mairi McAllan said the SNP will take a "more nuanced" approach than Labour who want to ban future exploration.
Independent North Sea operator Harbour Energy said its planned takeover of German rival Wintershall Dea is "on track" for completion in the fourth quarter of this year.
Most of what we do, most of what we own and even where and how we live and work is in one way or another a result of the development of the oil and gas industry.
The third tranche of the 33rd offshore licensing round sees 19 companies awarded North Sea licences
More than two thirds of university energy degrees worldwide remain focused on the fossil fuel industry rather than renewables, according to a new study.
A new report has revealed the world's oil and gas firms have contributed to more than 40% of global carbon dioxide (CO2) emissions since the Paris climate agreements.
Repurposing of North Sea oil and gas assets for Carbon Capture Utilisation and Storage (CCUS) is starting to happen, and it’s throwing up a tax quandary for the sector’s decommissioning space.
Domestic energy production in the UK has reached the lowest level since records began in 1948.
Acteon Group maintains a significant presence in Aberdeen across several firms.
A major industry report has placed the brunt of blame for delayed payments in the North Sea upon Tier 1 contractor companies.
Analysis from Global Witness shows Scotland’s renewable energy jobs grew 70% between 2015 and 2022, according to latest Office of National Statistics (ONS) estimates.
Non-operated stakes in oil and gas projects are on the rise, but a review of the system has highlighted a “systemic lack of trust” between partners.