BP appoints Meg O'Neill as new CEO in strategic shake-up
BP shocks markets by replacing CEO Murray Auchincloss with Woodside's Meg O'Neill. Analysts question timing as shares remain flat. Will the new leader accelerate the oil giant's pivot?
Category : Search result: oil and gas profits
UK faces gas shortage risk without home production boost
A leading energy expert warns the UK is dangerously close to gas shortages. With 85% of homes reliant on gas, securing domestic supply is critical for national security and avoiding price spikes. Read the urgent call to action.
Calls for UK Gas Export Curbs and East Coast Reserve
Industry leaders urge the UK government to immediately restrict gas exports and establish an east coast reserve to protect consumers from soaring energy prices and supply shortages.
Harbour Energy cuts 100 jobs, blames windfall tax
The UK's largest oil and gas producer, Harbour Energy, announces 100 offshore job cuts, citing the 'uncompetitive' windfall tax. Read the full story on the impact on the North Sea sector.
Buried Report Warns of UK Gas Security Risk
A critical report on UK gas security risks was quietly released on Budget Day, raising concerns over supply vulnerabilities and political transparency. Read the full analysis.
Court upholds UK government's oil and gas licences
Oceana UK loses High Court bid against government over 28 oil and gas exploration licences. Judge rules climate and spill assessments were lawful. Read the full ruling details.
Gas Supply Crisis Warning for UK by 2030
National Energy System Operator warns ministers of potential gas shortfalls on coldest winter days, risking supply cuts to homes and businesses. Urgent government action required.
UK Gas Shortage Warning as North Sea Production Falls
Britain's grid operator warns of severe gas shortages due to declining North Sea production and rising import dependency. Discover the risks and urgent calls for government action to secure future energy supplies.
Labour's North Sea oil policy confusion deepens
Labour's energy policy faces contradictions as drilling extensions clash with windfall tax, putting 1,000 monthly North Sea jobs at risk. Discover the government's muddled approach.
Trade body: Government taxing oil and gas sector to death
Aberdeen Chamber of Commerce warns 160,000 jobs at risk after Chancellor Rachel Reeves refuses to scrap the energy profits levy in the Budget. Discover the fallout.
Ed Husic demands cheaper Australian gas prices
Labor MP Ed Husic delivers a powerful speech demanding gas producers provide cheaper fuel for Australia, criticising a 'distorted' market. Read his full demands for energy reform.
Australia faces domestic gas shortage by 2028
Australia exports three-quarters of its gas, risking domestic shortages by 2028. Former minister demands action against 'profiteering' as mortgage costs soar.
Husic demands end to gas 'profiteering' by exporters
Labor MP Ed Husic breaks ranks, demanding strong action to fix Australia's 'fundamentally distorted' gas market and end exporter profiteering for cheaper energy.
Scrap Windfall Levy or Face North Sea Job Losses
Scottish Conservatives warn Rachel Reeves must end Energy Profits Levy in budget to prevent 1,000 monthly job losses and secure £16bn extra Treasury revenue. Read the analysis.
Business leaders demand end to windfall tax and oil ban
Leading Scottish figures Martin Gilbert and Sir Ian Wood urge Rachel Reeves to scrap the windfall tax and oil licensing ban to protect jobs and investment. Act now for UK energy security.
Trump Approves Offshore Drilling in California and Florida
The White House reveals plans for new oil and gas drilling off California and Florida coasts, sparking bipartisan opposition over environmental concerns and tourism impacts.
Oil & Gas Emergency Declared Over Mossmorran Closure
Scottish Conservatives declare UK oil and gas emergency as ExxonMobil's Fife plant faces partial closure, threatening hundreds of skilled jobs. Labour government faces criticism over Net Zero policies.
Union urges Chancellor to cut oil and gas windfall tax
GMB Scotland calls on Rachel Reeves to ease the windfall tax, warning it risks jobs and investment. The union demands a measured transition to net zero. Read the full story.
How to Find the Best Bottle of Olive Oil
Discover how to choose the highest quality olive oil. Experts explain what to look for, from certifications to taste profiles, to ensure you're buying the best.
North Sea Oil Crisis: Thousands Face Job Axe
Exclusive investigation reveals how sweeping new medical assessments could decimate Britain's offshore workforce, threatening energy security and livelihoods across Scotland's oil heartlands.
Bulgaria seizes Russian refinery, Poland seeks US gas role
In a major escalation of economic pressure on Moscow, Bulgaria moves to confiscate a crucial Russian-owned oil refinery while Poland seeks to become Europe's primary conduit for American liquefied natural gas, reshaping the continent's energy security lan
Scotland's energy policies risk UK crisis, warns Badenoch
Kemi Badenoch issues urgent warning that Scotland's anti-fossil fuel policies threaten UK energy security and could trigger economic crisis as North Sea production declines.
Octopus Energy Cuts Gas & Electricity Prices From July
Millions of British households are set for welcome relief as Octopus Energy slashes gas and electricity prices from July 1st, 2024, offering one of the market's most competitive rates.
Energy giants unite to prevent mass job losses
In a dramatic political intervention, renewable energy leaders have united with traditional oil and gas companies to demand urgent government action, warning that Britain faces devastating employment consequences without immediate policy support.
BP Profits Plunge Despite Major Asset Sales
Energy giant BP reports significant profit decline despite major asset disposals, highlighting ongoing challenges in the traditional energy sector as transition pressures mount.
Shell abandons climate target after $28bn profits
Energy giant Shell has dramatically scaled back its carbon reduction ambitions while reporting staggering $28bn profits, sparking outrage from climate campaigners.
Shell profits hit £5.1bn despite energy market pressures
Energy giant Shell reports third-quarter profits of $6.2 billion, defying expectations despite lower gas prices and refining margins. Discover how trading operations and LNG performance drove these impressive results.
Labour's humiliating U-turn on North Sea windfall tax
In a dramatic policy reversal, Labour's energy team abandons controversial windfall tax proposals to secure vital North Sea investment and protect British jobs.
Shell profits hit £34bn as production soars
Energy giant Shell reports staggering profits exceeding $43 billion, driven by unprecedented production highs in Brazil's offshore fields and Gulf of Mexico operations, sparking renewed debate about windfall taxes.
Trump-Xi Trade Deal Fuels Oil Surge & Market Rally
Global markets surge as Trump and Xi announce landmark trade agreement, sending oil prices skyrocketing while Shell posts staggering £7.4 billion quarterly profit amid energy sector boom.
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