Fossil fuel companies have claimed billions of dollars from countries through an arcane legal provision that could deter governments from imposing more stringent climate laws, according to a new report.
A stalwart of the North Sea oil and gas industry has reflected on the time its career prospects were "relatively unknown" as he prepares for retirement.
Some oil industry leaders have been “conspicuous by their silence” on racism and global protests, according to the chairman of a group for black and minority (BME) engineers.
Oil companies will put decarbonisation “at the heart” of investment plans this year as factors like the climate emergency knock the industry’s confidence, according to a new survey.
The oil and gas industry has welcomed the new UK government as it looks ahead to a “transformational” sector deal and braces for tax changes for thousands of contractors.
Industry body Subsea UK is leading a delegation of high profile subsea leaders from companies across the country’s supply chain to Westminster on Wednesday to urge MPs to do all they can to protect the £9billion subsea industry.
There are not too many people who would turn their back on a highly paid contractor role with an oil and gas operator to launch a new business from a converted chicken shed.
Capital spending in Canada’s oil and natural gas sector is forecast to decline $50 billion, or 62 per cent, since 2014, the largest two-year decline since the Canadian Association of Petroleum Producers (CAPP) and its predecessor organizations started tracking this data in 1947, according to new data compiled by CAPP.
Oil and gas firms are to receive £12.5million to sustain growth and develop new technologies as part of a package of support announced by First Minister Nicola Sturgeon.
As an economist, I find the Scottish Greens' suggestion that we could shut down the North Sea oil industry and move to industries such as sustainable forestry rather misguided.
The head of industry body Subsea UK has urged the oil and gas industry to take action to now to safeguard the future of the UK’s £9billion subsea sector.
At the start of the year there was a growing sense of trepidation as to what the next 12 months may hold for the sector due to an acceleration of the downward trajectory of the oil price in the second half of 2014.