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Former BP CEO Lord Browne says windfall tax is ‘justifiable’

Utility Services

February 28, 2023

Former BP CEO Lord Browne says windfall tax is ‘justifiable’

Requires a North Sea windfall tax “are justifiable” based on the previous CEO of oil large BP, Lord John Browne. Labour is asking for a selected levy on the North Sea oil and gasoline sector in mild of big income

By Hepisoping

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Utility Services

February 16, 2023

‘Not so flip off and onable’

Again within the Nineties, a speaking tortoise marketed energy for British houses, with the well-known slogan ‘it’s acquired to be simply flip off and onable.’ That commercial now appears to belong to a less complicated time, between the autumn of

By Hepisoping

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New licensing will ‘sustain the momentum’ for North Sea: Power Minister

Utility Services

February 13, 2023

New licensing will ‘sustain the momentum’ for North Sea: Power Minister

New North Sea licensing this yr is a part of the UK Authorities’s “ongoing” dedication to the sector, the power minister has mentioned. Nevertheless, Greg Palms acknowledged that the transfer is a part of pondering forward to the longer term

By Hepisoping

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Utility Services

December 8, 2022

TotalEnergies to droop Russian work

TotalEnergies (LON:TTE) has denied prices of complicity in battle crimes and signalled its willpower for a “gradual suspension” of its work in Russia. The French firm has a 19.4% stake in Novatek, 20% in Yamal LNG, 10% in Arctic LNG

By Hepisoping

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Shell and BP could also be caught in Russia regardless of exit plans, says TotalEnergies CEO

Utility Services

November 10, 2022

Shell and BP could also be caught in Russia regardless of exit

UK and US oil majors equivalent to Shell and BP could also be caught with their property in Russia regardless of saying that they may go away the nation to protest the invasion of Ukraine, mentioned TotalEnergies chief govt officer

By Hepisoping

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Aberdeen heating agency cuts ties with Gazprom

Utility Services

September 9, 2022

Aberdeen heating agency cuts ties with Gazprom

The corporate behind the low-cost district heating scheme in Aberdeen is to terminate its contract with Russian state-owned Gazprom. Aberdeen Warmth & Energy stated the choice had been made because of the “horrible invasion of Ukraine and the struggling of

By Hepisoping

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China oil large plans report $31bn spend on vitality safety push

Utility Services

September 3, 2022

China oil large plans report $31bn spend on vitality safety push

Sinopec will spend report quantities this yr to extend oil and fuel drilling as China goals to bolster its vitality safety and insulate itself from unstable international commodity markets. Considerably, the information comes because the Chinese language large pauses new

By Hepisoping

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India effectively positioned to grab Russian oil alternatives

Utility Services

August 25, 2022

India effectively positioned to grab Russian oil alternatives

India is effectively positioned to capitalise on Russian oil alternatives and is regularly stepping up as a purchaser of Russia’s oil exports. “China and India each have large-scale world-class refineries, however their capacity to react to market volatility and seize

By Hepisoping

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Utility Services

June 14, 2022

Elon Musk coming to ONS convention

Billionaire Elon Musk is coming to the ONS convention in Stavanger later this 12 months. The House X and Tesla founder and CEO will set the stage for a “distinctive and extremely actualised vitality convention”. The enterprise magnate final visited

By Hepisoping

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Oil climbs after two-day drop as buyers assess Ukraine talks

Utility Services

June 13, 2022

Oil climbs after two-day drop as buyers assess Ukraine talks

Oil rebounded in Asian buying and selling as buyers cautiously assessed the outlook for a de-escalation of Russia’s conflict in Ukraine, which has entered its second month and rattled markets worldwide. Futures in New York rose above $105 a barrel

By Hepisoping