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Oil Price
UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge
Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for househol…
Coal-Fired Power Plants
“Options Open” for Keeping UK Coal Plants at Normal Capacity This Winter
Energy Minister has said his first priority in the coming winters is to “maintain levels of investment” in the North Sea oil and gas
Russian Federation
Russia and Iran Discuss Swapping Supplies for Oil and Gas, Goods Logistics
Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub.
Geothermal Power Plant
New Geothermal Research Alliance Established in Greece
Greece's largest research center and a Greek oil and gas services firm agree to collaborate on researching geothermal energy aspects in Greece.
Energy Transition
Eni to Invest €2.5BN in UK’s Energy Sector
The oil and gas producer has said it will boost carbon capture and renewable energy projects.
EU
Europe Admits It’ll Have to Burn More Coal as It Tries to Wean Itself off Russian Energy
The EU’s desire to wean itself off Russian hydrocarbons means it will need to find oil and gas from other parts of the world to plug supply gaps.
Energy Security
EU Unveils €300BN Package to Slash Reliance on Russia’s Energy
The EU Commission President has highlighted the need for a “rapid reduction” in European reliance on Russian oil and gas.
Energy Transition
Circular Economies: A Pathway to the Green New World
Amidst a global energy transition, the financial and social outlook of oil and gas companies is undergoing an extraordinary transformation. One of the key metho…
Energy Transition
Insurance Giant Allianz Sets Oil and Gas Exit Strategy
The world’s fifth-largest insurance company, Allianz, is withdrawing coverage and investment dollars from a wide swath of fossil fuel projects as of next year.…
Crude Oil
CNOOC Adds Oilfields in Brazil
China National Offshore Oil Corp (CNOOC)'s ultra-deepwater pre-salt oilfield in Brazil was put into operation on Tuesday, the latest effort by the country's top…
Offshore Wind Power
UK Oil and Gas Firms to Put £250Bn into Low Carbon Energy by 2030
New analysis has uncovered how spending may look for these companies in the next decade.
Oil & Gas Trade
Shell’s Profit Soars on Higher Oil and Gas Prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…
Oil Price
Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…
United Kingdom
UK Asks North Sea Oil and Gas Sector to Set out Plan to Reinvest Profits
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy…
Oil Field
Shell Fined £50K for Breaching Production Consents
The UK’s oil and gas regulator fined Shell UK £50,000 for breaching five field production consents.
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