Energy Secretary “disappointed” but £100m plan set for Grangemouth oil refinery
Energy Secretary Ed Miliband has expressed disappointment over the closure of Grangemouth…
Tag: oil production
Oil prices vulnerable to geopolitical shocks
Oil prices remain volatile due to ongoing geopolitical tensions, with significant fluctuations…
UK energy bible shows demand plummets to 1950s levels
Government's latest energy data reveals a significant drop in overall energy demand to…
Global energy consumption breaks records
Global energy consumption increased by 2% from 2022, exceeding pre-COVID levels by over 5%,…
Supreme Court rules oil project approval unlawful due to emissions oversight
The Supreme Court has ruled that Surrey County Council unlawfully approved an oil production…
“100 days to save 100k North Sea jobs”
A new report warns of a looming crisis in the North Sea energy sector, with potential job…
bp’s first quarter profits fall below expectations
The energy company's first quarter profits of $2.7 billion, lower than last year's $5…
Ithaca Energy acquires Eni’s UK assets in £754m deal
Ithaca Energy has finalised an agreement to purchase the majority of Eni's UK-based oil…
Global oil demand hits seasonal highs
Global oil demand hit a seasonal high in December, marking the eighth monthly record of 2023,…
Shell, Equinor and bp secure key stake in UK’s mega oil and gas licensing round
Twenty four licences have been offered to seventeen companies, including industry leaders
