18 h. ago Badenoch warns of ‘oil and gas emergency’ in call for new drilling

The Conservative leader travelled to the north-east of Scotland to launch her party’s new campaign to end the moratorium on new oil and gas licences.

Events

36 h. ago Renewables and oil and gas chiefs unite to pile pressure on Chancellor amid 'investment headwinds'

Renewables and oil and gas chiefs have comes together in an unprecedented move, heaping pressure on the Chancellor to rethink her energy profits levy.

Events

44 h. ago Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

Politics

56 h. ago Trump administration considers revoking ban on oil and gas development near Chaco historical park

The Trump administration is initiating formal meetings with Native American tribes in the southwestern U.S. as it considers revoking a 20-year ban of oil and gas development across of hundreds of square miles of federal land surrounding Chaco Culture National Historical Park

Politics

62 h. ago Away from Brazil’s ‘forest’ Cop30 – the fate of the Congo Rainforest hangs in the balance

The Democratic Republic of Congo government has opened bids for oil and gas drilling across huge swathes of the country, raising fears that the world’s last great rainforest carbon sink could be destroyed, Nick Ferris reports

Politics

65 h. ago Merger creates $13bn Permian driller as oil and gas dealmaking rebounds

SM Energy and Civitas Resources announce all-stock ‘strategic combination’

Economics

6 d. ago Humiliation for Ed Miliband as Rachel Reeves 'is set to scrap oil and gas windfall tax' to revive North Sea investment

The Chancellor is said to be mulling the move as she and Prime Minister Sir Keir Starmer scramble to boost Britain's sluggish economy.

Economics

7 d. ago Reeves looks at early scrapping of windfall tax on UK oil and gas sector

Chancellor seeks assurances from industry that the move would boost investment in the North Sea

Politics

7 d. ago Plea to reform oil windfall tax as more than half of UK’s offshore operators cut staff

“This tax is not fit for purpose and is damaging UK business investment and jobs” – Sheena McGuinness, RSM UK

Politics

9 d. ago North Sea oil and gas firm Petrofac files for administration putting 2,000 British jobs at risk 

A NORTH Sea oil and gas firm filed for administration yesterday, putting thousands of British jobs at risk.  Petrofac employs about 2,000 people at its UK base in Aberdeen, including 1,200 offshore employees and a further 800 training and operational roles.  The oil services group is tumbling into insolvency after a planned restructure collapsed last...

Society

9 d. ago Thousands of jobs at risk as oil and gas firm calls in administrators

Thousands of North Sea jobs are at risk after oil and gas services group Petrofac announced plans to appoint administrators on Monday.

Society

9 d. ago North Sea: 2,000 jobs face the axe as oil and gas firm Petrofac appoints administrators

Thousands of Scottish jobs are at risk following the announcement from Petrofac

Society

9 d. ago North Sea: 2,000 jobs at risk as oil and gas firm Petrofac appoints administrators

Thousands of Scottish jobs are at risk following the announcement from Petrofac

Society

1 week ago Trump sanctions have swift impact but will world stop buying Russian oil and gas?

Analysts say president’s war on Russia’s fossil fuel revenues is a chance to bring peace to Ukraine and profit to USDonald Trump’s stated mission to broker peace in Ukraine could come down to this simple question: can the US president convince the world to stop buying Russia’s fossil fuels?Last week, Trump imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, in an effort to damage Moscow’s ability to fund its war machine. Continue reading...

Politics

1 week ago Starmer vows Ukraine allies will take Russian oil and gas off market after Trump sanctions

Sir Keir Starmer said the coalition of the willing has agreed on a ‘clear plan for the rest of the year’ in supporting Kyiv

Politics

1 week ago Britain leads allies' bid to 'choke off funding' for Russia's war machine

Sir Keir Starmer vowed to 'choke funding for Russia's war machine' - but Ukraine is to miss out on much needed long-range missiles. The UK, US and EU are combining to block Kremlin oil and gas.

Events

1 week ago ‘Ukraine’s future is our future’, says Starmer, as he vows coalition will take Russian oil and gas off market to choke funding – Europe live

Zelenskyy, Starmer and members of ‘coalition of willing’ give press conferenceA forthcoming trip by German foreign minister, Johann Wadephul, to China has been cancelled amid growing fears that Beijing’s restriction on semiconductor and rare earth exports could paralyse the country’s car industry.“We are postponing the journey to a later time,” the spokesperson told a regular press briefing on Friday. “The Chinese side was ultimately able to confirm only the appointment with the Chinese foreign minister, and could not confirm any other additional appointments,” a foreign ministry spokesperson said. Continue reading...

Society

1 week ago NatWest boss warns of bond market backlash against bank windfall tax

The chief executive of NatWest has warned Rachel Reeves against slapping a windfall tax on banks, as the sector's profits soar.

Economics

1 week ago MPs deliver 'grim' verdict on Labour's oil and gas strategy amid 'heaving job losses' warning

Labour ministers have been warned the “scale-up of clean energy is progressing more slowly than the decline of the oil and gas sector” with jobs being lost as a result.

Events

1 week ago New sanctions and weapons will not stop Russia. It’s time for Ukraine’s allies to change their flawed strategy | Christopher S Chivvis

A negotiated settlement would be unfair and frustrating. But after nearly four years of fighting, it may be the best optionOn Wednesday, President Trump imposed substantial new sanctions on Russia’s giant oil and gas companies, and lifted restrictions on the use of certain long-range missiles by Ukraine, which will now be able to strike more freely into Russia itself. These moves come on the heels of Trump’s conversations last week with Vladimir Putin and Volodymyr Zelenskyy, after which the US president expressed his frustration at both side’s intransigence. Trump had hoped to end this war long ago. Will this be enough?When Russia launched its full-scale invasion of Ukraine in February 2022, the US and its allies chose a strategy that aimed to use Washington’s awesome political, economic and military power to impose such high costs on Russia that the Kremlin would sue for peace on Ukraine’s terms. This “cost-imposition” strategy makes sense in theory. The problem is that, in practi...

Events