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
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
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.
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
Harbour Energy has announced that it will cut 350 onshore jobs in the UK, blaming windfall tax
Harbour Energy, a leading oil and gas company, has announced that it will be cutting 350 onshore jobs in the UK. The company cites the windfall tax as the reason
Workers in the North Sea oil industry have decided to vote on industrial action
A pay dispute among North Sea oil contractors is set to cause significant disruptions, affecting more than 20 oil and gas platforms.
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