IEA: World needs flexible power systems as renewables rise

Their share is forecast to increase from 25% today to more than 40% by 2040

Oil and gas sector ‘requires wide-ranging reforms’

The IEA says the sector needs to adapt to face “unprecedented challenges”

BP granted approval for new North Sea oil field

The Alligin development is targeting 20 million barrels of oil equivalent

BP starts up Gulf oil field ahead of schedule and under budget

The Thunder Horse Northwest Expansion project is expected to boost production by around 30,000 barrels of oil equivalent per day

UK’s oil and gas sector steps up safety

Oil & gas UK says the number of reported incidents last year was the lowest on record

BP and Norway’s Aker BP form technology alliance

They will identify innovations that could help improve the environmental performance of offshore oil and gas production

Equinor buys 40% stake in giant undeveloped oil and gas field

It is estimated to hold 300m barrels of potential recoverable volumes of oil and gas

Oil price hits four-year peak

Brent crude peaked at $82.20, the highest figure seen since November 2014

Guest Blog: Kirk Cadden & Alex Rubboli – Rising oil prices will cost consumers

Utility Team says it can help customers protect themselves against higher costs now and in the future

Shell sets methane intensity limit for 2025

The energy giant will work to stop the potent greenhouse gas leaking from its oil and gas operations