Oil and gas activity contracted in recent months as uncertainty lingers, according to most recent the Dallas Fed survey.

Iran’s non-oil exports declined by 14.4% in value and 9.3% in volume during the first quarter of the Iranian year, totaling ...

Keir Starmer has been accused of sacrificing the UK’s energy security on the “altar of net zero by 2050 ” during his first ...

A new independent analysis commissioned by Offshore Energies UK (OEUK) from Westwood Global Energy Group has revealed that the UK has the potential to double its North Sea oil and gas production. The ...

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Energy security It’s no secret that the North Sea is in decline. Whether Labour presses ahead with a ban on new licences or not, Britain’s oil and gas output will continue to fall.

READ MORE: North Sea oil and gas workers braced for 'unjust transition' as SNP ministers have 'no plan' We need to talk about the Energy Profits Levy and, more importantly, the message it sends.

And EY made no bones about what it expects to drive the weakness it forecasts for the Granite City - the decline in North Sea oil production against the backdrop of the energy transition. The ...

“That’s oil.” McKeown had brought the oil from the Sea Quest drilling rig. It marked the first time a drilling rig had struck oil in the North Sea – and kickstarted one of Britain’s most lucrative ...

Amid fears over thousands of North Sea oil and gas jobs being lost in the green transition, Labour’s strategy could create additional roles if ambitious renewables targets become a reality ...

The windfall tax on oil and gas firms will end in 2030 – but the government has pledged to ban new drilling licences to help “unleash” clean energy in the North Sea. Both policies have been revealed ...