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Sultan Ahmed Al-Jaber concedes that fossil fuel phasedown “is inevitable” 

COP28 president and CEO of the United Arab Emirates’ (UAE) oil giant Adnoc has conceded that the fossil fuel phasedown …

GlobalData poll indicates a strong optimism towards upcoming upstream projects

The oil and gas industry outlook is hinged on energy demand patterns that could see alterations with the ongoing efforts …

Prax Group acquires UK oil producer Hurricane Energy

UK-based Prax Exploration & Production has closed the acquisition of oil producer Hurricane Energy for $300.6m (£249m). As per the deal, …

BCP Resources buys Permian basin assets from Chord Energy

BCP Resources, a US-based oil exploration and production company, has announced the acquisition of Permian basin assets from a subsidiary of Chord …

UK Government agrees on windfall tax floor 

The UK Treasury has announced the suspension of the country’s windfall tax if energy prices drop to a certain level. …