Oil and gas sector ‘to prevent the world from limiting rising temperatures to 1.5°C’

None of the 100 companies investigated in a new report have committed to ending oil and gas exploration, despite the fact that they are arguably the largest contributors to the global climate emergency

OPEC to boost oil production to stabilise market

An agreement has been made to increase production to 400,000 barrels a day each month from August until December to control the market

Keystone XL developer to seek $15bn in damages from Biden administration

TC Energy claims that the government breached NAFTA obligations by blocking the construction of the project

‘Significant milestone’: bp starts production from Manuel project in Gulf of Mexico

The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivalent per day

May I have your attention please, will the GB power market regulator please stand up…

LNG becomes the cornerstone of UK and European gas prices, while liquidity in GB power seems abandoned by the regulator.

Changeable weather sees volatile energy prices while LNG steps into the breach…

Changeable weather sees volatile energy prices while LNG steps into the breach…

Equinor plans shut down of Veslefrikk field after 30 years

Discovered in 1981, the field came on stream in 1989 and has produced more than 400m barrels of oil equivalent

US natural gas and oil production to fall in 2021

That would be a result of a decline in drilling activity related to low oil prices, with responses to the COVID-19 pandemic also leading to supply and demand disruptions

Australia announces immediate support for refineries to tackle Covid-19 shocks

The government will bring forward production payments to support the country’s oil refineries

‘Up to £416bn of net zero investment needed by 2050 if UK is to remain a global energy leader’

That’s the forecast from the Oil and Gas Technology Centre and Offshore Renewable Energy Catapult, which suggest new investment in clean North Sea technologies could boost the UK economy by as much as £125 billion each year