Alyson Harding, at Westwood Global Energy, said: “Our dataset shows that in 2025 to date, oil and gas companies in the UK have not initiated the drilling of any offshore exploration wells. “This is ...

Chancellor Rachel Reeves could scrap a windfall profits levy on the UK oil and gas industry sooner than expected, after Prime ...

Ed Miliband should be “pragmatic” about allowing more oil drilling, MPs have said, amid warnings that thousands of oil and ...

Ministers said the Scottish and UK Governments should have acted sooner to prepare for job loses seen at Grangemouth, ...

The licensing of offshore oil and gas fields, whether for exploration or extraction, is a matter reserved to the UK ...

Norway continues to expand oil and gas exploration, offering fiscal stability and generous tax refunds for exploration losses. The UK faces an industry exodus amid shifting tax regimes and political ...

As industry leaders call to scrap the windfall tax, we look at the performance of the oil, gas and energy sector, using examples from some of the industry's key players.

The sanctions mark a significant change for the Trump administration, which has veered between pressuring Moscow and taking a ...

Big Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’s Permian ...

Algerian state energy firm Sonatrach and other international majors like Eni, BP, and Shell have resumed oil and gas ...