Oil & Energy
Latest articles and news in Oil & Energy
Oil & EnergySwinney Opposes North Sea Oil Ban, Draws 'Incoherent' Criticism
By Ahmed Abdelsalam The UK Government announced plans this week to ban new oil and gas exploration in the Nort...
Oil & EnergySwinney's North Sea oil stance called incoherent by campaigners
By Salma El-Sakka Scottish First Minister John Swinney came under fire on Friday after telling MSPs that his g...
Oil & EnergyHow to Keep Your Home Warm and Energy Bills Low This Autumn
By Islam El-Sakka After a hot summer, attention turns to preparing homes for colder weather. With energy price...
Oil & EnergyCampaigners call Swinney's oil stance incoherent
By Fatma Younis The UK Government announced plans to ban new oil and gas exploration in the North Sea this wee...
Oil & EnergyTurkey Unveils Plan to Cut Coal Dependence Before COP31
By Fatma Younis Turkey’s Energy Minister Alparslan Bayraktar has presented a national strategy to sharply redu...
Oil & EnergyUK Energy Minister Urges Suppliers to Help Households Clear Unpaid Bills
By Sohaib Shams The UK government has called on the country’s largest energy suppliers to step up efforts to h...
Oil & EnergyRussian Diesel Tankers Divert Course Amid US Sanctions Dispute
By Ahmed Abdelsalam Two sanctioned tankers carrying Russian diesel have changed course away from the U.S. East...
Oil & EnergyU.S. Accused of Selling Seized Russian Tanker Below Market Value
By Sohaib Shams The Russian owner of a seized oil tanker has accused the U.S. government of selling the vessel...
Oil & EnergyTrump's diesel deal with Putin falters as Russian tankers avoid US
By Salma El-Sakka US President Donald Trump's diesel agreement with Russian President Vladimir Putin is unrave...
Oil & EnergyData centre energy bill fears labelled 'misinformation' at Holyrood
By Salma El-Sakka Claims that data centres will raise household energy bills are "misinformation", MSPs heard ...
Oil & EnergyMost Labour Voters Support Rosebank Oil Field Approval, Survey Finds
By Sohaib Shams A new survey indicates that nearly two-thirds of Labour voters want the UK government to appro...
Oil & EnergyOfgem Opens Investigation into ScottishPower Compliance
By Sohaib Shams Ofgem has opened an investigation into whether ScottishPower complied with rules on treating c...
Oil & EnergyCyprus Gas Deposits Offer EU Energy Security Boost, President Says
By Basant El-Faramawy Cyprus President Nikos Christodoulides said Thursday that natural gas deposits off the i...
Oil & EnergyMost Labour voters support Rosebank oil field approval, poll shows
By Salma El-Sakka Most Labour voters want the UK government to approve the controversial Rosebank oil and gas ...
Oil & EnergyOfgem Opens Investigation into Scottish Power
By Ahmed Abdelsalam Ofgem has opened an investigation into whether Scottish Power complied with rules on treat...
Oil & EnergyBurnham to Ban New North Sea Oil and Gas Drilling
By Basant El-Faramawy Burnham is set to close the North Sea to new oil and gas drilling, effectively banning n...
Oil & EnergyTurkey's Solar Boom Contrasts with Coal Reliance Ahead of COP31
By Karim Hammam Turkey is highlighting its renewable energy growth as it prepares to host the United Nations c...
Oil & EnergyAustralia Approves Seabed Carbon Storage Site for Japanese Firm Inpex
By Sohaib Shams Australia has designated a seabed storage site off its northern coast where Japanese energy co...
Oil & EnergyAfrica's Richest Man Launches Mega Oil Tank Farm in Namibia
By Ahmed Abdelsalam Africa's wealthiest individual has inaugurated a massive oil tank farm in Namibia, marking...
Oil & EnergyAfrica's Richest Man Launches Mega Oil Tank Farm in Namibia
By Basant El-Faramawy Africa's richest man has launched a mega oil tank farm in Namibia, marking a significant...
Oil & EnergyBurnham backs bill to ban new North Sea oil and gas drilling
By Fatma Younis Andy Burnham is set to back legislation that would permanently ban new oil and gas exploration...
Oil & EnergyUK Government Moves to Ban New North Sea Oil and Gas Licences
By Salma El-Sakka The UK government has introduced legislation to prohibit any new exploration for oil and gas...
Oil & EnergyOil Prices Drop Below $100 for First Time in Month
By Sohaib Shams European Brent crude fell below $100 per barrel on Wednesday for the first time since Oct. 7, ...
Oil & EnergyEurope faces gas shortage risk unless Trump ends Iran war, IEA warns
By Islam El-Sakka Europe could face a gas shortage this winter if Donald Trump fails to strike a deal with Ira...
Oil & EnergyZendure Cuts Plug-In Solar Kit Price for Black Friday
By Sohaib Shams Zendure has launched its Black Friday sale, reducing the price of its new plug-in solar kit by...
Oil & EnergyGlow Green Solar Review 2026: Prices, Panels and Customer Ratings
By Islam El-Sakka Glow Green, a UK solar installer founded in 2011, offers competitively priced systems with a...
Oil & EnergyScotland urged to triple onshore wind capacity to 30 GW by 2040
By Salma El-Sakka Scottish ministers are being urged to set a target of 30 gigawatts of onshore wind capacity ...
Oil & EnergyDo Solar Panels Work in Winter? Output Drops but Still Generates Power
By Islam El-Sakka Solar panels continue to generate electricity during winter months, though output declines s...
Oil & EnergyGas Prices Vary Across Competitive Senate States on Election Day
By Salma El-Sakka The national average price of a gallon of gas stands at $4.14, marking a 38% increase since ...
Oil & EnergyDrax Power Plant Strikes £20bn Deal for UK's Largest AI Datacentre
By Fatma Younis Britain's most polluting power plant could soon power the country's largest datacentre under a...
Oil & EnergySnowy Hydro Executives Receive $751,925 in Bonuses Amid Cost Blowout
By Salma El-Sakka Senior executives at Snowy Hydro collectively received bonuses worth $751,925 in the 2025-20...
Oil & EnergySaudi Aramco Q3 Profit Jumps 35% on Higher Oil Prices
By Fatma Younis Saudi Aramco reported a 35% increase in third-quarter net profit, driven by higher oil prices ...
Oil & EnergyBrazil Unveils Global Roadmap to Phase Out Fossil Fuels
By Basant El-Faramawy Brazil has published the world's first global roadmap for phasing out fossil fuels, argu...
Oil & EnergyUS Gas Prices Surge Amid Iran Conflict, Top $4 National Average
By Sohaib Shams Gas prices across the United States have surged since the U.S. and Israel launched military ac...
Oil & EnergyEurope Faces Gas Shortages This Winter Over Iran Conflict, Watchdog Warns
By Ahmed Abdelsalam Europe faces gas shortages this winter unless Donald Trump ends his war in Iran, a nuclear...
Oil & EnergyBP secures $6bn from Castrol stake sale to Stonepeak
By Fatma Younis BP has completed the sale of a 65% stake in its lubricants business Castrol to US investment f...
Oil & EnergyTrump Pushes to Restore Russian Gas Sales to Europe via Ukrainian Pipelines
By Karim Hammam Former U.S. President Donald Trump is reportedly pushing for a plan that would allow Russia to...
Oil & EnergyTrump Pushes to Restore Russian Gas Sales to Europe via Ukraine Pipelines
By Salma El-Sakka The Trump administration is pushing to restore Russian natural gas sales to Europe through p...
Oil & EnergyBP Completes Castrol Stake Sale for $6bn to Reduce Debt
By Salma El-Sakka BP has finalized the sale of a 65% stake in its lubricants business Castrol to US investment...
Oil & EnergyEuropean oil giants earn $89bn in nine months as Iran war drives prices
By Karim Hammam Six of Europe's largest oil companies — BP, Eni, Equinor, Repsol, Shell and TotalEnergies — re...
Oil & EnergyExxonMobil, Chevron Post Record Profits as Oil Prices Surge
By Karim Hammam ExxonMobil and Chevron reported sharply higher profits on Friday, driven by oil prices that ha...
Oil & EnergyBig Oil Earns $135B Profit as US Drivers Pay $147B More for Fuel
By Salma El-Sakka U.S. oil companies have reaped more than $135 billion in profits since the start of the Iran...
Oil & EnergyUK Budget Cuts Threaten Green Heating Targets
By Salma El-Sakka Britain is unlikely to meet its green heating targets after Chancellor John Healey announced...
Oil & EnergyBP Profits Quadruple to $8.46bn Amid Iran War Oil Crisis
By Salma El-Sakka BP reported underlying replacement cost profits of $8.46 billion (£6.31 billion) for the thi...
Oil & EnergyBP Profits Surge to $8.46 Billion as Middle East Conflict Boosts Refining Margins
By Ahmed Abdelsalam BP reported a sharp rise in third-quarter profits on Friday as the war in the Middle East ...
Oil & EnergyBP profits nearly quadruple to $8.46bn amid Iran war oil crisis
By Ahmed Abdelsalam BP has reported a near quadrupling of third-quarter profits to $8.46 billion, up from $2.2...
Oil & EnergySeven Russian diesel tankers head to US amid sanctions row
By Ahmed Abdelsalam Seven oil tankers carrying an estimated 288,000 tonnes of Russian diesel are sailing towar...
Oil & EnergyThree Bodies Found After Drilling Rig Sinks Off Gabon Coast
By Salma El-Sakka Three bodies have been recovered after the Prospector 5 drilling rig sank off the coast of M...
Oil & EnergyUK Offshore Workers Use Weight-Loss Jabs to Meet 124kg Limit
By Sohaib Shams Offshore workers in the UK are turning to weight-loss injections to keep their jobs ahead of a...
Oil & EnergyUK to launch household energy debt write-off scheme next spring
By Karim Hammam UK households burdened by energy debt accumulated during the 2022-2024 crisis could receive ta...