Since Russia invaded Ukraine, many Western oil companies as well as traders, shippers, and bankers have stayed away from Russian oil. But a new report by CNN indicates Russian crude may be seeing a resurgence […]
The UK government’s new windfall tax, imposed on companies supplying the nation’s oil and gas, may already be undermining the major investments need to keep Britain’s lights on, Offshore Energies UK has warned. It follows […]
Shell Plc won official consent to develop the Jackdaw natural gas field in the UK’s North Sea, eight months after the country’s regulator blocked the project on environmental concerns. The move marks a change in […]
HIGHLIGHTS Shell ratchets up pressure following unplanned 25% levy Reliefs don’t extend to renewables investment, Shell notes Shell a major North Sea investor with projects in pipeline Shell May 27 warned the UK’s new ‘energy […]
(Bloomberg) — Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living and urged companies to boost investment. The prime minister’s comments underscore the […]
Shell has slammed the government’s windfall tax, saying while it “understands the worry for million” about the cost of living it will creates “uncertainty” about investment. This follows Chancellor Rishi Sunak announcing a so-called Energy […]
London (CNN Business)The UK government is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies, bowing to pressure from campaigners to raise money to help millions of people […]
A safety consultant resigned from Shell in a blaze of glory when she told executives they needed to admit that the oil giant is “failing on a planetary scale.” U.K.-based Caroline Dennett took to social media following […]
French minister optimistic on EU oil embargo deal U.S. Memorial Day weekend travel to be busiest in two years U.S. EIA crude and products storage data due later on Wednesday LONDON, May 25 (Reuters) – […]
The UK has climbed two places to third in EY’s bi-annual ranking of the attractiveness of national renewable energy investment, partly due to the Government’s increasing of wind and nuclear targets in the face of […]
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