Aberdeen-headquartered drilling contractor KCA Deutag has suspended new investments in Russia, as oilfield services firms join energy majors in reducing exposure to the Russian market following the invasion of Ukraine.
Turning off the taps to North Sea oil and gas leaves the country open to “blackmail” by Vladimir Putin, Prime Minister Boris Johnson warned.
China and Russia’s trade relationship has become more complicated since the war started more than three weeks ago, raising questions about the future flow of energy between the two powerhouses.
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
The UK held exploratory talks with Electricite de France SA about the possibility of keeping the West Burton A coal-fired power plant generating beyond the end of September, when it’s due to close.
Boris Johnson has declared Saudi Arabia and the United Arab Emirates "key international partners" in efforts to reduce dependence on Russian energy after the invasion of Ukraine.
On the 24th February, the first of many Russian tanks rolled into Ukraine. And as Brian Wilson noted last week, some uncomfortable realities have kicked in here and across Europe.
The UK government is considering changing incoming rules on climate checkpoints that govern the award of new permits for North Sea oil and gas fields.
Scottish Green party co-leader Patrick Harvie has said the war in Ukraine must not be used to justify increased production of fossil fuels from the North Sea.
Neptune Energy has become the latest oil company to pledge cash to support humanitarian efforts in Ukraine.
Boris Johnson is reportedly setting up an energy task force to help bolster oil, gas and nuclear supplies to help keep UK bills down and cut reliance on Russia.
Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow show signs of becoming more substantive, prompting some cautious optimism about steps toward deescalation.
Just over a week after IOG cancelled a contract to sell gas to Russian giant Gazprom, the North Sea operator has found a new buyer.
The liquefied natural gas (LNG) market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the continent scrambling for alternatives.
Two weeks into Russia’s invasion of Ukraine, and one question is becoming increasingly pivotal in the global oil market: how much crude will Asia buy from Moscow?
Energy ministers from the Group of Seven developed nations on Thursday agreed to boost efforts to cut their dependency on energy imports from Russia, Japanese industry minister Koichi Hagiuda said, reported Nikkei Asia.
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
Shell CEO Ben van Beurden has taken home a whopping £6.1 million pay package following an “impressive financial performance for the oil giant”.
Offshore wind developers have been told they need to slash the amount of time it takes to build projects.
A day after saying it would quit buying Russian crude, Shell was bidding at high prices for barrels produced North Sea oil -- in what may give an early indication of the cost of the switch.
The war in Ukraine has placed urgent focus on UK energy security and the future of North Sea oil and gas drilling.
Foreign Secretary Liz Truss will meet with officials in Washington today to discuss further support for Ukraine after both the UK and US were thanked by Ukrainian President Volodymyr Zelensky for their moves to sanction Russian oil.
Oil giants should spend their billions of windfall profits on transition, not shareholder returns, according to the former CEO of Wood Group.
The Biden administration will impose a ban on US imports of Russian energy on Tuesday without the participation of its European allies, according to people familiar with the matter.
MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.