Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Burnham to announce plans for new North Sea oil and gas drilling
Jack Fenwick, Political correspondent and Alicia Curry Andy Burnham will announce plans for new oil and gas drilling in the North Sea when he becomes prime minister on Monday, the BBC has been told. The Labour Party's 2024 manifesto - which the new…
Dan Walters: How Gavin Newsom's Complex History with Oil Industry Could Affect a Presidential Run
[ Noozhawk ' s note: We republish news articles and commentaries from CalMatters on state and local policy issues that affect Santa Barbara County readers.] Gov. Gavin Newsom and his family have had a long and complicated relationship with the oil…
Andy Burnham urged to stick to Labour manifesto on North Sea oil
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Andy Burnham has been urged to stick to Labour's…
Burnham to announce plans for new North Sea oil and gas drilling
Andy Burnham will announce plans for new oil and gas drilling in the North Sea when he becomes prime minister on Monday, the BBC has been told. The Labour Party's 2024 manifesto - which the new leader said he would follow - had pledged to not issue…
Burnham risks Labour backlash if he reverses ban on new oil and gas drilling
Andy Burnham risks his first confrontation with Labour MPs if he announces new oil and gas drilling licences when he becomes prime minister, insiders have warned. Speculation is rife that Burnham will announce some new plans for drilling in the…
Burnham tipped to announce new North Sea oil drilling plans
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Andy Burnham will announce plans for fresh…
Andy Burnham urged to stick to Labour manifesto on North Sea oil
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Andy Burnham has been urged to stick to…
Iran makes defiant vow not a 'drop of oil and gas' will leave Strait of Hormuz
Iran today vowed not 'a single drop of oil and gas' will leave the Strait of Hormuz until the US ends its 'criminal' attacks. The warning came after Donald Trump's forces launched a seventh consecutive night of airstrikes on the country on Friday…
U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters
In underground salt caverns in Texas and Louisiana, the U.S. government stores hundreds of millions of barrels worth of oil in case of energy shocks. Those reserves are now at their lowest levels in decades. In May, President Trump said the U.S.
Andy Burnham urged to stick to Labour manifesto on North Sea oil
Andy Burnham has been urged to stick to Labour's manifesto and block further drilling in the North Sea amid reports he is considering backing new oil and gas projects. Allies of the new Labour leader have said he intends to make a…
West Midlands households welcome heating oil protection plan
Families living in rural parts of the West Midlands have welcomed a recommendation to bring protections for heating oil customers in line with those connected to the grid. The Competition and Markets Authority (CMA) said in a report on Wednesday…
Oil and Gas Employment Hits a 2026 Low Even as Production Sets Records
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is…
'We've Burned Through All Buffers': Oil Traders Warn Market Running On Fumes
Brent crude futures jumped a little more than 4% to nearly $88 a barrel, putting the crude oil benchmark on track for its biggest weekly gain since April. That move followed an Axios report that said the Trump administration had notified Israel it…
Iran Rushed Out $6 Billion of Oil During Brief Truce With U.S.
Starting in late June, about 20 Iranian tankers began arriving in the waters off the east coast of Malaysia, their hulls heavy with oil. The U.S. had lifted its blockade of Iranian ships about 10 days earlier, and Tehran was determined to get its…
The U.S. Wants to Turn Abandoned Oil Rigs Into Spaceports
The U.S. government sounds like it took a huge bong rip and dared ask the question no one really cared to ask or even wanted answered: What if America's abandoned offshore oil rigs became rocket launch pads? As reported by The Washington Post, the…
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