7 h. ago UK Government must not ramp up decline of Scottish oil and gas sector – report

Ministers said the Scottish and UK Governments should have acted sooner to prepare for job loses seen at Grangemouth, Scotland’s last oil refinery.

Politics

2 d. ago Ukraine war briefing: Energy war continues with strikes on Russian oil and gas plants

Russian attacks hit coal mine in Dnipropetrovsk region and Chernihiv power grid; Trump flips back to accommodating Putin. What we know on day 1,335 Continue reading...

Events

2 d. ago Artillery shell exploded prematurely over California freeway during marines celebration

Shrapnel fragments rained on vehicles parked on Interstate 5 including highway patrol and JD Vance’s detailA live artillery shell exploded prematurely during a marines live-fire demonstration that launched over a southern California freeway in celebration of the military branch’s 250th anniversary, raining shrapnel down on a California Highway Patrol vehicle and a motorcycle that was part of JD Vance’s detail, according to a police report.The New York Times reported that fragments that fell from the 155mm shell landed on vehicles parked on a ramp on Interstate 5 – a major artery through southern California – which governor Gavin Newsom had ordered closed after learning that military officials had no plans to close the freeway. Continue reading...

Politics

9 d. ago Forbes calls for windfall tax to be replaced at the coming Budget

The tax places a levy on the profits of oil and gas firms and is due to continue to 2030.

Economics

1 week ago ‘Extreme’ Farage and Labour forcing oil and gas workers off cliff edge – Flynn

The SNP Westminster leader blamed Labour for a fall in the number of North Sea workers but said Reform UK also presented a threat to the industry.

Politics

1 week ago SNP 'all over the shop' as Aberdeen conference poised to shun oil and gas debate

Scotland’s leading trade unionist will tell SNP conference that the Scottish Government’s industrial strategy amounts to nothing more than a ‘glorified prospectus for the finance sector’

Politics

1 week ago Chemicals tycoon and Man Utd owner Jim Ratcliffe warns 10 MILLION jobs are at risk from Net Zero taxes and 'de

Sir Jim, the billionaire co-owner of Premiership side Manchester United, hit out at carbon taxes and accused Labour of deliberately running down the oil and gas industry in the North Sea.

Events

2 w. ago More than 40 Trump administration picks tied directly to oil, gas and coal, analysis shows

Report looks at White House nominees and appointees and agencies dictating energy, environment and climate policyDonald Trump has placed dozens of people with ties to the fossil fuel sector in his administration, including more than 40 who have directly worked for oil, gas or coal companies, according to a new analysis.The report from Public Citizen, a consumer advocacy and ethics non-profit that has been critical of the Trump administration, alongside the Revolving Door Project, a corporate watchdog, analyzed the backgrounds of nominees and appointees within the White House and eight agencies dictating energy, environmental and climate policy. That includes the Environmental Protection Agency, the interior and energy departments and others. Continue reading...

Politics

2 w. ago Miliband on ‘messianic drive’ to pull plug on North Sea extraction, says Bowie

Shadow Scotland secretary Andrew Bowie described UK oil and gas policies as “unhinged”.

Politics

2 w. ago Keir Starmer refuses to send birthday wishes to despot Vladimir Putin

Flying into Mumbai for talks with Indian Prime Minister Narendra Modi, Keir Starmer said the UK government would continue to ramp up pressure on the Kremlin over Ukraine

Politics

2 w. ago Shell takes £446m impairment from cancelled Dutch biofuels project

It came as the London-listed oil giant revealed a stronger performance in its oil and gas trading operation.

Economics

2 w. ago Badenoch accuses SNP and Labour of 'running Scotland down' with ruinous green policies

Kemi Badenoch has accused the SNP and Labour of 'running Scotland down' and warned that 'Europe's oil capital' is 'dying' because of their policies on oil and gas.

Events

2 w. ago Hungary clings to Russian oil and gas as EU and NATO push to cut supplies

Hungary remains firm in maintaining its supplies of Russian oil and gas, even as the European Union accelerates efforts to cut Russian energy imports

Politics

2 w. ago The Guardian view on climate policy: Britain needs clean power, not culture wars | Editorial

Kemi Badenoch’s plan to scrap the Climate Change Act is reckless. Ed Miliband offers a bolder, fairer vision. The future must be built on renewablesLet’s scrap Britain’s successful climate law so we can burn more gas, lose investment and have higher bills. Crazy as it might seem, that is the message of Kemi Badenoch’s new energy strategy. The Conservative leader proposes to repeal the 2008 Climate Change Act in favour of a plan to “maximise oil and gas extraction”, and remove all legally binding carbon targets. It’s pitched as pragmatism. But it’s a lurch into ideological self-harm.Britain’s energy problem isn’t its climate legislation, which is admired globally, backed by industry and supported by the public. It’s that this country remains too dependent on volatile fossil fuels. Emissions targets are not the reason for high bills. It is gas prices, which skyrocketed after Russia invaded Ukraine. They set UK electricity prices. In Europe, they don’t – that’s why bills are lower...

Events

3 w. ago Miliband vows to permanently ban ‘dangerous and deeply harmful’ fracking

The Energy Secretary used the announcement to attack Reform UK, which has called for more extraction of oil and gas.

Politics

3 w. ago Berkshire Hathaway nears $10bn deal for Occidental’s petrochemical unit

Sale of division would further oil and gas group’s efforts to reduce its $24bn debt pile

Economics

3 w. ago 'Not a zealot of green energy': Rachel Reeves signals North Sea climbdown in blow to Ed Miliband

The Chancellor pledged to support 'homegrown' supplies from oil and gas developments in the North Sea.

Politics

3 w. ago Rosebank plans take step forward amid fears Labour to weaken oil and gas licence ban

Labour is reportedly considering weaking its pledge to end all new oil and gas licensing.

Events

3 w. ago BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target

Conflict in Ukraine and Middle East as well as trade tariffs are making states focus on energy securityBusiness live – latest updatesBP has raised its forecasts for oil and gas demand, suggesting the global net zero target for 2050 will not be met and highlighting a slowdown in the transition to clean energy.The energy company’s closely watched outlook report has estimated that oil use is on track to hit 83m barrels a day in 2050, a rise of 8% compared with its previous estimate of 77m barrels a day. Continue reading...

Events

4 w. ago EnQuest: Government's windfall tax has made North Sea oil 'globally uncompetitive'

Labour must 'act now' to save Britain's oil and gas sector and avert the 'death of the UK's energy transition ambitions', North Sea operator EnQuest has warned.

Politics