Campaigners have pushed ministers to rule out new licences for gas and oil exploration as part of the road to net zero.

Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic.

The UK on Wednesday announced a landmark deal aimed at supporting the oil and gas industry’s transition to clean, green energy. It also said it would introduce the "Climate Compatibility Checkpoint" before future licensing rounds.

Oil prices have sunk about 12% in less than two weeks amid softening physical demand and the unwinding of long positions.

Offshore oil and gas logistics company ASCO Norge has won a contract as the preferred base supplier for INEOS Oil & Gas Norway’s first drilling operation on the Norwegian Continental Shelf.

Following today’s announcement by Equinor and the Norwegian Petroleum Directorate regarding the Blasto oil discovery in the Norwegian sector of the North Sea

NHV Group, a leading provider of B2B helicopter services, today announced a new contract with PSE Kinsale Energy Ltd in support of its decommissioning operations in the Celtic Sea.

Oil and gas industry leaders are set to meet with White House National Climate Adviser Gina McCarthy Monday afternoon, as the Biden administration prepares to crack down on greenhouse gas emissions from fossil fuels.

BP Chief Executive Bernard Looney's remuneration was 1.735 million pounds ($2.4 million) in 2020 after it scrapped all bonuses during his first year in office due to the pandemic, the energy group said in its annual report.

Germany's Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe's biggest economy, creating a hurdle to a potential alliance with the conservatives.