Indonesia is offering five exploration oil and gas working areas and one exploitation working area across the country in its first bidding round of this year, a senior energy official said on Wednesday.The oil and gas blocks have a total potential resources of 3…
British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills…
Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters.The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices…
Norway's crude oil output in April missed the official forecast by 10.6%, while its gas output was in line with expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output fell to 1.66 million barrels per day (bpd) in April from 1…
Swedish company Lundin Energy, which will exit the oil and gas business next month with the sale of oil and gas assets to Norway's Aker BP, is set to change its name to Orrön Energy AB.Lundin Energy, which under the name Lundin Petroleum discovered…
ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.The move by the Dutch financial services firm raises pressure…
Britain will likely run a North Sea offshore oil and gas licensing round for existing discoveries this year, a spokesperson for the Oil and Gas Authority (OGA) said on Monday.The OGA, which is changing its name to the North Sea Transition Authority (NSTA)…
UK offshore oil and gas regulator the Oil and Gas Authority on Monday announced the name change to the North Sea Transition Authority (NSTA) 'to reflect its evolving role in the energy transition.''In 2021, the OGA revised our strategy to put…
Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executive Anders Opedal said on Thursday.A growing energy crisis from buyers steering clear…
Red Willow Offshore LLC, a closely-held U.S. oil and gas producer, is marketing its interest in six non-operated U.S. Gulf of Mexico oilfields that it has valued at over $130 million, two people familiar with the matter told Reuters on Friday…
A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions amount to a type of unlawful subsidy of the fossil fuel sector.The ruling…
Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidizing fossil fuel producers through tax incentives which undermine its climate goals.Climate activists are…
Believe it or not, the UK’s oil and gas industry is the nation’s best bet for building a green and low-carbon future – and that includes opening new oil fields like Cambo, writes Katy Heidenreich, operations director at Oil & Gas UK (OGUK) which represents the UK offshore industry…
A coming transition from oil and gas to renewables will be 'messy' for many years and lead to sharp energy price volatility as demand and supply clash, top energy executives said on Tuesday.The World Petroleum Congress, a gathering to discuss the future of oil and gas and explore new technologies…
Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell…
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