Global oil demand surges to new heights

Global oil demand hit a new high of 103 million barrels per day in June, driven by increased air travel and higher oil use in China, according to the International Energy Agency

MP failed to disclose £70k Shell shares during Environment Secretary role

Tory MP Theresa Villiers did not declare ownership of over £70,000 in Shell shares while serving as Environment Secretary; Ms Villiers later updated her financial interests

E.ON reports £6.9bn surge in UK sales amidst European dip

E.ON’s UK sales witnessed a rapid surge in sales, jumping to nearly £18.1 billion

bp boss rejects renewables investment “for the sake of it”

The Chief Executive Officer of bp has emphasised the need for profitability in green energy projects, stating that investments in both fossil fuels and renewables are necessary for global energy security

Uniper unveils €8bn renewables investment plan

The energy giant sets an ambitious goal to achieve over 80% of its installed generating capacity as zero-carbon by 2030

UK ministers to push energy giants for North Sea oil and gas projects

UK ministers will reportedly meet with energy majors, including Shell and bp, urging them to reinvest profits in new North Sea oil and gas ventures

UK green heating scheme spends only one third of £150m budget

The North East of England had the lowest share of installations under the Boiler Upgrade Scheme, followed by London and Wales. according to Ofgem

Backlash mounts against new UK oil and gas plan

The government’s confirmation of issuing hundreds of new oil and gas licences for the North Sea has sparked strong opposition due to climate concerns

UK greenlights more new oil and gas

UK Prime Minister has confirmed today that hundreds of new oil and gas licenses will be granted

‘Energy supply chain shifts to oil and gas amid net zero delays’

Oil and gas projects are experiencing significant growth and higher funding rates compared to renewable, according to a report