All the updated news related to gas and oil industry

All the news related to gas and oil industry updated in real time

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Italian oil major Eni buys North Sea gas producer Neptune Energy in £4bn deal

One of the biggest producers of gas in the UK’s North Sea will be bought by Italian oil giant Eni after the two agreed a 2.6 billion dollar (£2.1 billion) deal. The deal will see Eni take over Neptune Energy, with Norway’s Var Energi buying its ...

23 Jun 2023 at 11:20

Scotland

Drilling rigs ‘migrating’ away from North Sea, trade body says

Drilling rigs and other equipment are “migrating” away from the North Sea and other European fields for opportunities elsewhere in the world, a trade group has said. The North Sea chapter of the International Association of Drilling ...

06 Feb 2023 at 10:34

Government committed to new North Sea oil and gas licences

The Government is committed to granting new UK oil and gas licences but “would never” approve anything incompatible with net zero and 1.5C, the climate minister has said. Scientists and campaigners are worried they will grant ...

25 May 2023 at 15:11

Scotland

Government ‘taxing oil and gas sector to death’, claims trade body

The UK Government is taxing the oil and gas industry “to death”, a trade body has said as the Chancellor refused to scrap the windfall tax. The energy profits levy (EPL) was placed on the profits of oil and gas firms as a ...

26 Nov 2025 at 18:00

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