Highlights OGUK report found that UK oil and gas companies are estimated to spend about £16.6 billion on decommissioning over the next 10 years, as business activity recovers from the pandemic About 1.2 million tonnes of disused oil and g...
Highlights Royal Dutch Shell stated its plans to buy the Australian arm of electricity provider Powershop on Monday. Cairn Energy will change its name to Capricorn Energy PLC, effective from 13 December. The energy industry has incre...
Highlights Just 1.2% of the 5,000 huge multinational firms are making significant disclosures regarding their climate risks, as per Arabesque. Sustainable investing is becoming popular as investors are becoming more aware about where their mone...
Highlights Just 1.2% of the 5,000 huge multinational firms are making significant disclosures regarding their climate risks, as per Arabesque. Sustainable investing is becoming popular as investors are becoming more aware about where their mone...
Highlights Wholesale energy prices hit their second highest level since 2018 after the peak in mid-September. UK’s power grid moved towards gas-fired power plants and coal due to lack of power generation from wind. On Monday, 55% o...
Highlights Oil giant Royal Dutch Shell’s shares inched higher after it proposed a share structure simplification. The overhaul would see Shell scrap its dual line of share structure to a simplified structure and move its tax base fr...
Highlights Crude oil prices have increased over 60% to trade above USD 80 per barrel in 2021 due to higher demand and restricted supply by the OPEC+ group. The surge in oil prices has boosted the revenues of companies engaged in the explo...
The average price of petrol at forecourts was at 146.14 pence per litre, while for diesel it was at 149.66 pence per litre as of Thursday, thus continuing its record price rise, according to industry body RAC. Petrol prices had breached record hig...
Owned by Gazprom, Russia’s state gas company, the Yamal-Europe gas pipeline is used to transfer Russian gas from the huge gas fields of the Yamal peninsula and western Siberia to Germany and Poland. The 2,600-mile-long pipeline reaches b...
Highlights US plans to introduce new measures to cut methane emissions from oil and gas sites amid the COP 26 climate talks EU and US are leading a global initiative to reduce methane emissions by 30 per cent from 2020 levels The US ...