All news on the topic: Oil and Gas

461
Trump calls Burnham “extremely liberal” and urges North Sea oil push
Donald Trump has branded Andy Burnham “extremely liberal” in his first comments of the PM-in-waiting – and urged him to do one thing Sir Keir Starmer repeatedly refused.
679
World’s biggest banks poured $906bn into fossil fuels despite climate warnings
The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an "unfathomable" increase in investment locking in years more of coal, oil, and gas production as the world continues to overheat, a new report has found.
568
North Sea oil figure used by Badenoch overstated by more than 90%, analysis says
Conservative leader Kemi Badenoch last week cited a new University of Aberdeen geology paper as being supposed proof that the Government’s ban on new North Sea oil and gas licences was “utter madness”.
453
Britain’s debt costs soar as investors fear political chaos
The benchmark UK borrowing cost has reached a new high reminiscent of the financial crash era as Prime Minister Sir Keir Starmer faces a potential leadership challenge from Manchester Mayor Andy Burnham.
568
Corporate lobbying dominates meetings with Scottish ministers
It was in the rarefied environment of the Gleneagles Townhouse, a five-star luxury hotel and exclusive members club in Edinburgh’s New Town, that one of the most recent meetings recorded on the Scottish lobbying register occurred.
609
UN-blacklisted Israeli firm earns $1bn from UK North Sea oil as pressure mounts over Rosebank
An Israeli company blacklisted by the UN over its activities in the West Bank has generated more than $1 billion from North Sea oil and gas operations in just six years — and could earn even more if the Rosebank field receives approval.
627
£1bn payouts to Israeli shareholder fuel row over UK approval of massive Rosebank oil field
An Israeli firm blacklisted by the UN for its West Bank activities has raked in over $1 billion from North Sea oil and gas in just six years.
513
Europe could face energy shortages next month if Strait of Hormuz remains closed
Europe could face a shortage of energy and fuel as soon as next month without a reopening of the Strait of Hormuz, Shell’s chief executive has said.
614
Ed Miliband’s big plan for the UK is so stupid no sane country would ever consider it
A distinctive feature of this inflexible Labour government is its tendency to look in two different directions simultaneously.
706
Oil surges past $100 amid Middle East tensions and tanker disruption
The price of a barrel of oil exceeded $100 for the first time since 2022, as the conflict in the Middle East continues.
642
Britain’s gas reserves fall to under two days amid Middle East crisis
Great Britain has only two days of fossil gas stored after a decline in energy reserves, as more tankers carrying liquefied natural gas (LNG) are diverted from their course to Europe towards Asia because of the Iran war.
746
Alba party to fold after mounting debts and police finance probe
The Alba party has announced that it will dissolve and will not put forward any candidates for the 2026 Scottish parliament election.
527
Iran threatens to burn ships as Strait of Hormuz crisis sends oil prices soaring
Oil prices have risen further as the Middle East war rages - with Iranian officials saying the country would "set fire to anyone who tries to pass through" the Strait of Hormuz, a key crude oil shipping route.
742
Oil and gas shock threatens UK economy as Rachel Reeves faces grim spring forecast
UK Chancellor Rachel Reeves is set to respond to the latest economic outlook as a sharp surge in global energy prices threatens to undermine expectations of easing inflation.
738
BP uses £7.4bn from Castrol sale to cut debt
BP has agreed to sell a majority stake in its $10bn (£7.4bn) lubricants business Castrol to the US investment company Stonepeak, as the new chair, Albert Manifold, rapidly reshapes the under-pressure oil and gas company.
1186
Shell, BP, ExxonMobil and Chevron sent dozens of lobbyists to climate talks while posting record profits
More than 5,000 fossil fuel lobbyists were granted access to the UN climate summits over the past four years, a period characterized by an increase in catastrophic extreme weather, insufficient climate action, and record oil and gas expansion, new research reveals.
526
Trump considers Hungary’s ’vital’ request for exemption from Russian energy sanctions
In comments on Friday, Orbán said he would present Trump with several "suggestions" for implementing an exemption.
621
Texas oil firm faces U.S. court action over alleged irregularities in Congo methane auction
Two Congolese civil society groups have filed a legal discovery action in the United States against the Texas-based oil and gas company that won the largest concession to extract methane from the Democratic Republic of Congo’s Lake Kivu.
698
UK imposes sanctions on Azerbaijani state tanker for transporting Russian oil
The penalties on Azerbaijani businesses and people occur as the nation is strengthening energy relations with the European Union.