Berlin is planning €13.3 billion of energy cost relief for businesses and households in 2027, €2.5 billion more than this year.
BP has agreed to sell stakes in more than ten technology businesses to Verdane and is proposing to close BP Ventures.
Canada, Alberta and five major oil sands producers have signed a non-binding agreement targeting 6mn tonnes a year of carbon capture
BP expects higher oil and gas prices, stronger refining margins and another robust oil trading performance to lift Q2 earnings. Upstream
Shell has taken a final investment decision on a small-scale LNG import terminal at Clifton Pier and acquired 40% of project
OPEC has reduced its 2026 demand growth forecast by 190,000 bpd to 780,000 bpd. The IEA and US Energy Information Administration
The new Oil and Gas Revenue Levy will charge 35% on sales revenue realised above indexed oil and gas price thresholds.
European jet fuel inventories provide less than 30 days of demand cover, the tightest position among the major consuming regions. Britain
Dutch survey specialist Fugro has secured a contract from Saipem to provide integrated marine survey and inspection services for the Northern
INEOS and Norwegian recycler Recuro have signed an MoU to develop a pyrolysis-based plastics recycling plant at INEOS’ Bamble polymer site
