UK North Sea oil and gas endured its toughest year in decades in 2025, with investment pulled back sharply and offshore exploration falling to zero.

UK insurance firms have played a significant role in facilitating the transport of Russian oil, despite global sanctions. Former Cabinet minister Alun Cairns has urged the insurance industry to reconsider its involvement in insuring Russian oil. The ...

Global oil prices have fallen slightly “after the US operation to oust Venezuelan president Nicolás Maduro created uncertainty.

The FTSE 100 rises, led by miners and defence shares, after briefly passing 10,000 points. Gilt yields fall with global bonds as traders asses geopolitical risks and inflation prospects. Join the Markets Today team for news and analysis vital to UK markets.

LONDON, March 28 (Reuters) - Windfall taxes mean oil and gas producers in the British North Sea will likely leave 500 million barrels of oil equivalent in the ground over the next decade, the equivalent of one year's output in the ageing basin, industry ...

Freddie Daley receives funding from UKRI for the SUS-POL project at the University of Sussex, which explores fossil fuel phase-outs around the world. Freddie also campaigns on demand reduction with Badvertising. Ewan Gibbs received funding from a British ...

Oil remains a significant resource answering the world’s energy needs, despite its unfashionable fossil fuel status. It is also a key component in manufacturing, engineering and transportation processes that underpin the international economy. Other ...

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Around 100 workers employed by sub-contractors at the Fawley oil refinery in Southampton owned by US oil giant ExxonMobil will strike Friday after rejecting an insulting 2.5 percent two year pay offer. Further one day stoppages have been announced for ...