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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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 be forced to ...

03 Mar 2022 at 13:55

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 to the Consumer ...

23 Jun 2022 at 13:32

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 permission ...

25 May 2023 at 15:11

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 ...

08 Mar 2022 at 12:25

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 in North Yorkshire with an ...

03 Aug 2023 at 12:16

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 Norway’s Var ...

23 Jun 2023 at 11:20

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 ...

23 Mar 2022 at 01:25

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 grade II ...

03 Aug 2023 at 13:32

NatWest pledges to stop providing loans for new oil and gas projects

NatWest Group has pledged to reduce lending to oil and gas firms amid new climate change initiatives due to be unveiled next week. The British banking giant said it would no longer provide reserve based loans to new ...

10 Feb 2023 at 11:29

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 ...

31 Jan 2022 at 23:55

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 ...

06 Feb 2023 at 10:34

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

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