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Oil

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Two Pemex partners to invest a combined $250 million in two projects in Mexico

Two private partners of Mexico’s state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim to quickly ramp up crude output, according to plans approved on Tuesday.

UK oil industry could be damaged by lack of clarity around brexit deal

The UK’s draft withdrawal agreement for leaving the European Union lacks clarity, which could be damaging to the UK oil and gas industry with increased costs for retaining skilled workers, analysts warn.

Oil at two-week low as it extends losses amid global stock markets rout

Oil fell to two-week lows on Thursday as it extended losses from the previous session amid a rout in global stock markets, with prices also hit by an industry report showing U.S. crude inventories rose more than expected.

Ireland to move oil reserves out of the UK as Brexit nears

Ireland is expected to move all its oil reserves out of the UK as it steps up its preparations for Brexit.

Shell to invest in Fram gas and condensate field in the UK North Sea

Royal Dutch Shell has reached a final investment decision (FID) for the development of the Fram gas and condensate field in the UK North Sea.

OPEC strives for oil deal to meet rising global demand

OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signalling it would support only a modest increase in supply.

Angus Energy and Cuadrilla team up for Balcombe oil field

Angus Energy Plc. has teamed up with UK fracker Cuadrilla for the controversial Balcombe oil field in southern England. The Balcombe project is a controversial one as it was at the centre of high profile anti-fracking protests back in 2013.

Shell corruption probe: Top executives knew part of £1.3bn Nigerian oil deal would go to.....

Shell corruption probe: Top executives knew part of £1.3bn Nigerian oil deal would go to convicted money launderer

Oil demand growth slows for second year

Oil demand growth slows for second year

North Sea oil and gas industry cost UK taxpayer £396m in 2016

North Sea oil and gas industry cost UK taxpayer £396m in 2016