According to the closely watched report released by energy services company Baker Hughes on Friday, U.S. energy firms added oil and natural gas rigs for the second consecutive week.
It is anticipated that the UK government will provide windfall tax relief to energy companies
Next week, the UK government is expected to offer windfall tax relief to its oil and gas companies. This move aims to boost investments and enhance the country’s energy security,
Workers in the oil and gas industry in the North Sea have decided to vote to strike
Oil and gas operators in the North Sea have been cautioned about the possibility of an overwhelming wave of industrial turmoil after workers voted in favour of a strike over
Baker Hughes reports that US drillers have added the largest number of gas rigs in a week since December 2018.
According to Baker Hughes Co, a provider of energy services, there has been a significant increase in natural gas rigs by U.S. energy companies this week, marking the highest increase
Russia’s oil export revenue sank by 42% in February as sanctions bit
Western nations implemented far-reaching sanctions against Russian crude oil and oil products as a measure to reduce Russia’s oil revenues.
In a year marked by sanctions, Russia accumulated an offshore cash reserve of $80 billion
Amid the ongoing sanctions and amid the US and its allies’ efforts to tighten them over the invasion of Ukraine, Russia has managed to stash roughly one-third of its $227
A discovery of oil and gas has been made by Equinor in Norway
On Tuesday, Equinor (EQNR.OL) announced that it has found a new oil and gas reserve near the Troll field in the North Sea. The discovery is estimated to have between
Saudi Aramco announced a historic profit of $161.1 billion.
On Sunday, Aramco the oil giant from Saudi Arabia, announced a yearly net profit of $161.1 billion for 2022, setting a new record with a 46% increase from the previous
Russia’s deficit leaps to £29bn as Putin keeps on spending
The first two months of the year saw a rise in Russia’s budget deficit due to a decline in oil and gas revenues and sanctions imposed as a result of
Although Russian energy revenues have improved, they are still only at 50% of the monthly average.
Last month, Russia experienced a 20% increase in energy revenues due to a taxation adjustment, rather than a surge in exports.
Energy providers prepare for Jeremy Hunt to extend bill support
Jeremy Hunt is expected to extend the government’s energy price guarantee at its current level for three more months, preventing household bills from increasing by an average of £500 from