Category : Search result: oil and gas profits


EU Imposes Major New Sanctions on Russian Oil & Gas

The European Union unveils its most aggressive sanctions package yet, directly targeting Russia's critical oil and gas sectors. The move aims to cripple Putin's ability to fund the ongoing war in Ukraine, marking a significant escalation in the West's eco

Major Gas Leak Forces Sydney CBD Evacuation

A major gas leak has triggered a large-scale emergency response in Sydney's central business district, forcing evacuations and causing significant disruption. Read the latest updates.

Gov Backs Centrica to Expand Gas Storage for Energy Security

The UK Government has brokered a landmark agreement with Centrica, owner of British Gas, to reopen the Rough gas storage facility. This strategic move aims to bolster the UK's energy security and stabilise household bills for millions.

China Secures Massive Siberian Gas Deal With Russia

Exclusive: As Europe weans itself off Russian gas, China secures a monumental energy deal with Siberia's Power of Siberia 2 pipeline, shifting the balance of global energy power and securing a bargain price for decades to come.

Grandfather dies in blast after gas smell reports

A 68-year-old grandfather died in a catastrophic house explosion in Shaw, Greater Manchester. A neighbour's inquest testimony reveals they had reported a persistent smell of gas for weeks prior to the blast, raising serious questions for the gas network p

Swansea man died as house vanished in gas explosion

A public inquest hears harrowing details of the catastrophic gas explosion that completely destroyed a Swansea home, claiming the life of 68-year-old Keith Morris. Investigation into the cause continues.

Trump Threatens India With Tariffs Over Russian Oil

Former US President Donald Trump's advisors issue a stark warning to India, threatening tariffs if Narendra Modi's government continues purchasing Russian oil, potentially straining US-India relations.

India's Russian oil windfall from Ukraine sanctions

Exclusive analysis reveals how India has capitalised on Western sanctions against Russia, saving billions on energy imports while becoming a key supplier of refined fuels to Europe, in a dramatic reshaping of global oil markets.

Badenoch: North Sea Drilling Ban Risks UK Blackouts

Business Secretary Kemi Badenoch issues a stark warning that blocking new North Sea oil and gas projects could trigger catastrophic blackouts, soaring bills, and severe economic damage, as she clashes with net zero ambitions.

Labour's drilling ban could cause UK blackouts in 5 years

Business Secretary Kemi Badenoch issues stark warning that Labour's proposed ban on new oil and gas drilling licenses could lead to catastrophic power cuts within five years, threatening Britain's energy security and economic stability.

Reeves ends new North Sea oil licences in Aberdeen

UK Chancellor Rachel Reeves has announced an end to new oil and gas exploration licences in the North Sea during a speech in Aberdeen, marking a major shift in energy policy towards renewables and net zero targets.

Badenoch pledges to 'maximise' North Sea oil and gas extraction

Conservative leadership hopeful Kemi Badenoch is set to announce a major energy policy shift, pledging to turbocharge North Sea oil and gas production in a bid to boost UK energy security and create jobs, putting her on a collision course with environment

Badenoch's North Sea Oil U-Turn Sparks Tory Fury

Business Secretary Kemi Badenoch faces a fierce backlash from Scottish Tories and energy industry leaders after a leaked letter revealed a major policy shift, abandoning support for new North Sea oil and gas projects and threatening thousands of jobs in A

Chefs Reveal Their Secret Olive Oil Brands

Top culinary experts have shared their go-to olive oil brands, revealing the surprising supermarket picks and artisanal bottles worth the splurge for home cooks.

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