On Monday, oil prices declined due to increasing concerns about potential interest rate hikes that could suppress energy demand, despite a preliminary agreement on the U.S. debt ceiling that could
UK Household energy bills to fall by £425
Ofgem’s decision to lower its energy price cap will result in a reduction of approximately £425 in annual household energy bills, making gas and electricity more affordable throughout Britain.
1,650 Offshore Contractors to Stage Industrial Action in Response to Job and Wage Concerns
Unite the Union, affirmed that approximately 1,650 contractors are set to partake in two successive 48-hour strikes. The dispute revolves around issues pertaining to employment, remuneration, and workplace conditions in
Shell investors were greeted with a stark message,’Welcome to hell’
Shell shareholders were met with a strong statement, “Welcome to hell,” as climate activists gathered outside the oil giant’s annual general meeting.
Egdon shares up over 80% as it secures a £27mln acquisition deal.
Egdon Resources PLC (AIM: EDR) is the most recent company to depart from the UK public market, following a takeover agreement. This marks yet another company in a growing list
North Sea oil giant Harbour Energy axes 350 UK jobs after windfall tax hit
The largest oil producer in the North Sea anticipates slashing 350 jobs in the UK, a mere two months after reporting its profits had been virtually eradicated by Rishi Sunak’s
Shell reports unprecedented first-quarter earnings of nearly $10 billion
In the first quarter of this year, Royal Dutch Shell achieved an all-time high in profits, amassing over $9.6 billion (£7.6 billion) despite a decline in oil and gas prices
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%
Discovery of oil in Mexico has resulted in an increase in the value of Harbour Energy’s shares.
Harbour Energy PLC (LSE: HBR) shares rose during early trading on Wednesday following the announcement of new oil discovery in the Mexican coastal waters.
Shell has launched a redeveloped oil and gas field in the North Sea
Shell gas field in the North Sea has the potential to supply gas to one million homes. Previously, the Pierce field was solely used for oil production, with gas being
1,350 offshore workers will cause multiple platforms to cease their operations.
A massive pay dispute is expected to result in a tsunami of industrial action against major oil and gas operators such as bp, Shell, and Total. Unite the Union has