Washington has secured extensive economic and governance rights over a company holding concessions to 17 Venezuelan oilfields. The headline reserve figure
Consultations on Jackdaw and Rosebank closed on 10 and 17 August respectively, but ministers have set no timetable for a decision.
Rosebank is expected to reach first production in the first half of 2027 – subject to renewed regulatory consent. Lower 2026
The final public consultation on Rosebank has closed, leaving OPRED to assess responses before ministers decide whether to reapprove the development.
BP and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award
The UK has sanctioned 19 targets spanning Russian banks, shadow fleet tankers and companies supplying metals used in military equipment. Sinopec
First-half production reached a record 509,000 barrels of oil equivalent a day, prompting Harbour to lift its full-year guidance. The company
BP has transferred its Gelsenkirchen refinery and related businesses to Klesch Group for an undisclosed sum. The transaction is expected to
BP has launched a formal process to sell its UK North Sea oil and gas business, potentially ending more than 60
Shell’s Q2 adjusted earnings rose to $9.8bn, beating analyst expectations and more than doubling from a year earlier. Strong LNG and
