Superdry PLC’s (LON: SDRY) shares surged by 64% following a report by The Times that a hedge fund has acquired a 5% stake, amidst increasing speculation about a potential takeover
Gas prices rise due to reduced Norwegian production.
European natural gas prices have surged, continuing from last week, due to disruptions in Norwegian supplies to the UK and mainland Europe.
Operations Resume at Genel Energy’s (LON:GENL) Partly Owned Tawke Oil Field
Genel Energy PLC (LSE:GENL, OTC:GEGYY) revealed that DNO, the Norwegian oil and gas operator, has partially resumed operations at the Tawke field.
Oil continues to decline due to demand concerns following UK’s interest rate increase.
Oil prices dropped for the second consecutive session and were on track for a more than 3% decrease on a weekly basis this Friday.
Oil prices rise as China initiates measures to stimulate its economy.
Amid a spike in Chinese imports of Russian oil, it’s an opportune moment to examine the crude oil market dynamics.
Sunak Initiates Withdrawal from North Sea – Observe the Decline of UK Oil Production
In the early 2000s, the North Sea oil and gas industry, centered around Aberdeen, reached its pinnacle, producing over 2.7 million barrels of oil each day, which accounted for 3.6%
In a deal to end UK dependence on Russia, the US doubles its gas exports
The US will double its gas exports to the UK. This announcement comes as the US faces the first major test in terms of energy resilience following the conflict in
North Sea oil producers want a price floor to limit UK windfall taxes
Executives and industry sources suggest that the British government should establish a price ceiling to reduce the impact of its windfall tax on North Sea oil and gas producers. Some
A six-year-high for British natural gas export to Europe
The six-year-old high in British natural gas exports to Europe is a result of Brussels’ efforts to reduce its dependence on Russian energy sources.
In response to Sunak’s windfall tax, Total draws investment from the North Sea
TotalEnergies, a French oil giant, has been the first major North Sea operator that has cut investment directly as a result of Rishi’s windfall tax.
A British-Russian son of an oligarch with close links to Vladimir Putin was arrested in Norway
Andrei Yakunin is the son of Vladimir Yakunin the Russian Railways boss. He is the seventh Russian to have been arrested for illegal flight or unauthorised photography.
Norwegian police said they’ve resolved an incident at the Nyhamna gas processing plant in Norway
On Thursday, the Norwegian police responded to a telephone threat against Nyhamna’s gas processing plant. This is one of Europe’s largest energy export facilities.