National Galleries of Scotland ends links with BP over climate concerns

The decision means the BP Portrait Award 2019 exhibition opening on 7th December at the Scottish National Portrait Gallery will be the last staging of the annual event

Iran announces 53 billion barrel oil find

The find would boost the country’s existing reserves of 150 billion barrel by a third

Major oil and gas companies ‘are already entering the world of virtual reality’

A new report suggests the technology allows energy firms to fast-track the process of resource discovery, well-planning and employee training

Equinor to sell US Eagle Ford assets to Repsol in $325m deal

The Norwegian energy giant is divesting its 63% interest in the onshore business in Texas

EU finance ministers call to end fossil fuel investment

In a joint statement, finance experts from the EU have said divesting from oil, gas and coal projects would signal a significant shift in the region’s efforts to tackle emissions, pollution and climate change

‘We have no choice’ but to invest in fossil fuels, says Shell boss

Ben Van Beurden reportedly expressed concern that shareholders could stop supporting the company as a result of what he called the “demonisation” of oil and gas

Giant Johan Sverdrup oilfield in Norway starts production

The field has expected recoverable reserves of 2.7bn barrels of oil equivalent

Middle East tensions remain high after drone attacks on Saudi oil facilities

The attacks early on Saturday morning knocked 5% off the world’s total oil supply

Energy Broker: August 2019 Market Report

UK Energy Market Report written by Pulse Business Energy. Pulse is an award-winning Business Energy and Water Broker who can advise on every aspect of usage and procurement for electricity, gas and water.

Saudi Arabia’s king replaces energy minister with one of his sons

Prince Abdulaziz bin Salman has been sworn in as the new Minister of Energy – the first time the oil portfolio has been given to a member of the royal family