Shell has initiated a £1.7 million legal action against Greenpeace following an incident where activists occupied a Shell vessel in the North Sea.
UK risks becoming dependent on oil & gas imports as North Sea production dries up
The United Kingdom is on a trajectory towards increasing dependence on imported oil and gas as production in the North Sea declines at a rate outpacing the decrease in demand
Oil is set to record its largest monthly increase since the start of 2022.
Following supply reductions by Saudi Arabia and Russia, oil is poised to achieve its highest monthly gain since the start of 2022 as prices surge.
Rishi Sunak has approves hundreds of North Sea oil and gas licences
The UK Chancellor, Rishi Sunak, has granted approval for numerous new oil and gas licenses in the North Sea, cementing the crucial role of oil and gas in the UK’s
Apache ceases North Sea drilling operations just hours after the UK reduces windfall tax
“Anticipated layoffs as major operator points to ‘difficult macro environment’ for the energy sector.
The lack of support from the UK and Scottish governments caused oil giant to pull out of Cambo field.
Shell pulled out of a major North Sea oil project that was supposed to help secure UK energy supplies. This was in addition to lacklustre political support from Westminster and