UK considering windfall tax on oil and gas companies as cost-of-living soars
The price of electricity, gas and other fuels within CPI measurement is already 69.6% higher than a year ago.
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Shell to move headquarters to the UK to simplify operations
Shell is planning to relocate its headquarters from the Netherlands to the UK in a move that is said…
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Calls for Russia to boost gas supply and solve energy crisis have been ignored
Natural gas firm Gazprom has failed to increase supply to Europe, causing concern that Russia is exploiting the supply…
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Saudi economy continues to suffer under pandemic hit oil sector
Saudi Arabia’s economy continued to shrink in the third quarter, as the country reels from the pandemic-hit oil sector.…
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BP returns to profit despite subdued demand amid pandemic
Oil and gas giant BP returned to profit in the third quarter, signalling a more positive outlook despite a…
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Poland’s biggest oil refiner wants to take over next state-owned gas producer and become Polish national champion
PKN Orlen SA, Poland’s biggest oil refiner, signed a letter of intent with the Polish Government to acquire a…
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Fracking firm files for bankruptcy, it’s time for oil and gas to pay its debts
The fracking industry pioneer Chesapeake Energy has filed for bankruptcy protection as its debts become too large to manage…
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Nord Stream II: A battle the US can lose
A new round of US sanctions on the Nord Stream II was proposed in early June in the effort…
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Oil industry in crisis due to effects of Covid-19
Sharp fall in oil prices causes severe disruption across the oil industry On 28 April, global benchmark Brent Crude…
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