All the updated news related to gas and oil

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

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Shell ‘sorry’ for buying Russian oil last week

The boss of Shell has said he is “sorry” for buying a shipment of Russian oil last week even as dozens of major international companies announced they would abandon the country over its war in Ukraine. The business bought the oil last week at ...

08 Mar 2022 at 12:25

Squeeze on households could tighten as gas prices soar 70% to record high

Household energy bills could rise even further after gas prices soared by more than 70% to hit a new all-time high as fears over supplies from Russia continued to rock the market. Prices are now more than 20 times higher than they were just ...

07 Mar 2022 at 11:25

City

Russia sanctions will cost the UK and poorest will be hit hardest, warn MPs

Sanctions against Russia could have a “catastrophic and long lasting” impact on the country, but they will come at a cost to the UK and the poorest households will be hit hardest, an influential group of MPs has warned. A report by the ...

23 Mar 2022 at 01:25

Energy bills could rise by another £1,000 if gas prices do not drop

Energy prices for millions of households could rise by another £1,000 by October, the boss of the industry body has warned as gas prices continue to soar. Emma Pinchbeck, chief executive of Energy UK, said the average household might ...

03 Mar 2022 at 13:55

World

Poland to end Russian oil imports as Germany warns over gas supplies

Poland has announced steps to end all Russian oil imports by the end of the year, as Germany issued a warning over natural gas supplies and called on consumers to conserve energy amid escalating economic tensions in Europe over ...

30 Mar 2022 at 11:55

Labour to propose windfall tax on gas and oil firms as household bills skyrocket

Labour will look to put the Government under pressure to tackle the cost-of-living crisis by calling on MPs to support its bid for a windfall tax on gas and oil companies. The party will put forward a motion on Tuesday for the ...

31 Jan 2022 at 23:55

Northern Ireland

Home heating oil price ‘more than double’ 10-year average

Home heating oil prices in Northern Ireland are more than double the 10-year average, the Consumer Council has said. With the cost now more than £1 per litre, prices have only been higher for one week this decade, according ...

23 Jun 2022 at 13:32

World

Norway approves 19 oil and gas projects

Norway has approved 19 oil and gas projects on the Norwegian continental shelf, saying the total investments are worth 19 billion US dollars. “The projects are also an important contribution to Europe’s energy security,” ...

28 Jun 2023 at 10:30

City

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 ...

23 Jun 2023 at 11:20

Greenpeace activists end hours-long protest against oil ‘frenzy’ on Sunak’s roof

A group of Greenpeace activists have ended their hours-long protest on the roof of Rishi Sunak’s mansion as they criticised his new fossil fuel drilling “frenzy”. The four campaigners draped the Prime Minister’s ...

03 Aug 2023 at 13:32

Greenpeace activists arrested after protest against oil ‘frenzy’ on Sunak’s roof

A group of Greenpeace activists has been arrested after an hours-long protest on the roof of Rishi Sunak’s mansion over his new fossil fuel drilling “frenzy”. Campaigners draped the Prime Minister’s grade ...

03 Aug 2023 at 18:40

Greenpeace activists scale Sunak’s house in protest at oil drilling ‘frenzy’

Greenpeace scales Sunak’s manor house in protest at oil drilling ‘frenzy’

Greenpeace activists have scaled Rishi Sunak’s mansion in protest against what they called his new fossil fuel drilling “frenzy”. The campaigners draped the Prime Minister’s grade II listed manor house ...

03 Aug 2023 at 12:16

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