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UAE's ADNOC recently eyed BP as takeover target, sources say

The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond...

Apr 12, 20241 min read

Biggest North Sea oil find in decades to be drilled for first time

A UK energy company is to start drilling at the biggest oil field discovered in the North Sea in at least 20 years Read More:...

Apr 10, 20241 min read

Russia's Lukoil seeks Uzbek workers to tackle labour shortage

Russian oil producer Lukoil (LKOH.MM), opens new tab has signed a deal with Uzbekistan to hire workers from the Central Asian state on...

Apr 8, 20241 min read

US oil and gas output set for another record year as climate concerns grow

Country's fossil fuel industry has continued to grow despite efforts by current administration to rein in oil and gas-related emissions...

Apr 3, 20241 min read

Plan to allow fuel tankers to carry more petrol and diesel during shortages

The measure would enable tankers to operate at a weight of up to 50 tonnes to help keep forecourts stocked. Read More:...

Mar 29, 20241 min read

Wood Group targets nearly £50m yearly savings in efficiency drive

The oil and gas engineering business said the ‘simplification programme’ has allowed it to lift its profit outlook for the year. Read...

Mar 27, 20241 min read

AI execs are turning to fossil fuels to power their tech revolution

AI is driving a dramatic new need for electricity, and while tech execs have long trumpeted their commitment to a green energy future,...

Mar 25, 20241 min read

Iran signs biggest oil deals in decades worth $13 billion

Iran has finalised deals worth $13 billion aimed at enhancing oil production in six major oil fields. The move marks Iran's most...

Mar 20, 20241 min read