Shell sells Aphrodite gas stake to MOL for up to $720 million
July 31, 2026
Shell has agreed to sell its 35% interest in Cyprus’s Aphrodite gas field to MOL Group for up to $720m. The
Fossil Fuels
BP plans 700 job cuts as O’Neill flattens upstream structure
July 31, 2026
BP is proposing to remove around 700 non-frontline production and operations roles, according to a leaked internal email. The reductions would
Bank of England holds rates as energy shock divides policymakers
July 31, 2026
The Bank of England held its base rate at 3.75%, but three of nine policymakers voted for an increase to 4%.
Glencore trading profit more than doubles as commodity disruption pays off
July 30, 2026
Glencore expects approximately $3.3 billion of adjusted earnings from commodity marketing in the first half of 2026, up from $1.4 billion
Shell profit more than doubles as Middle East volatility powers $9.8 billion quarter
July 30, 2026
Shell’s Q2 adjusted earnings rose to $9.8bn, beating analyst expectations and more than doubling from a year earlier. Strong LNG and
Eni and TotalEnergies sanction Cyprus’s first gas development
July 29, 2026
The Cronos field is scheduled to begin production in 2028 and supply around 2.8 million tonnes of LNG annually. Four subsea
Qatar extends Italian LNG force majeure as Europe’s winter buffer thins
July 29, 2026
QatarEnergy will miss another three Edison cargoes, taking the disruption to 24 cargoes and about 3 billion cubic metres of gas.
OEUK presses for Rosebank and Jackdaw consent as consultations enter final weeks
July 28, 2026
Offshore Energies UK has backed renewed consent for Rosebank and Jackdaw, arguing that the projects represent £10.8bn of investment and could
TotalEnergies to appeal ruling extending climate duty to customer emissions
July 28, 2026
TotalEnergies will appeal a French judgment requiring its corporate vigilance plan to address Scope 3 emissions from customers using its oil
Liverpool Bay CCS secures seabed lease as HyNet advances towards operation
July 28, 2026
Liverpool Bay CCS has secured the seabed rights needed to repurpose offshore gas infrastructure for the HyNet carbon transport and storage
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