The UK energy secretary has responded to a letter penned by 58 Aberdeen business leaders which called for a more “reasoned debate” on the future of oil and gas.
Top oil traders bet billions of dollars anticipating global political trends, yet few put money directly behind Donald Trump’s presidential campaign.
Donald Trump is to be the next president of the United States after voters gambled on his promise to “Make America Great Again”.
Raw materials and the companies that produce them were sent into turmoil as Donald Trump was poised to become the U.S. president in a shock victory over Hillary Clinton.
Aberdeen MP Callum McCaig will today urge the Scottish Tories to reach out to their Westminster colleagues to ensure incentives for encouraging North Sea exploration are brought forward in the Autumn Statement. The SNP energy spokesman accused Ruth Davidson and her MSPs of staying "silent" on the issue.
Iraq’s Oil Minister Adel Abdul Mahdi suspended his participation in the cabinet, citing disarray in government ministries in OPEC’s second-biggest supplier.
The Scottish Government has cut funding for fuel poverty by more than a 10th, according to Labour.
Nigeria’s government plans to split an oil- industry bill stuck in parliament for seven years and resubmit it to lawmakers after it held up reforms and deterred investment in Africa’s largest crude producer, Vice President Yemi Osinbajo said. Breaking up the Petroleum Industry Bill, or PIB, into smaller laws focused on fiscal and regulatory measures in Nigeria’s energy industry would make it easier to pass through parliament, he said. The bill, first presented to parliament in 2008, will be resent to lawmakers in the first quarter of 2016.