All articles by Market Line

UK considering windfall tax on oil and gas companies as cost-of-living soars

A treasury minister has hinted at the possibility of a windfall tax being placed on oil and gas companies. The…
World’s largest carbon emitter China is not doing enough to achieve neutrality

In September 2020, President Xi Jinping announced that China will aim to achieve carbon neutrality by 2060, and that CO2…
Hughes Eastern records 0.55% increase in production in August 2021

Hughes Eastern recorded an increase of 0.55% in total oil and gas production to 301.38 boe/d in August 2021 when…
Lower oil prices have not translated to reduced petrol prices for UK consumers

Petrol retailers accused of taking excessive profits in light of falling oil prices The discovery of the Omicron variant has…
European energy crisis triggers need for political concessions towards gas supply

Wholesale gas prices in Europe rose once again in mid-November following new obstacles in the Nord Stream II pipeline and…

Gas prices rise as Nord Stream 2 suspension deals yet another blow to supply hopes

Germany suspends approval of controversial project despite the gas crisis in the continent The network regulator suspended the certification process…
Shell to move headquarters to the UK to simplify operations

Shell, the Anglo-Dutch oil and gas firm currently incorporated as a public limited company in the UK, is planning to…
Calls for Russia to boost gas supply and solve energy crisis have been ignored

Rising energy prices have been seen across Europe with demand increasing, leading to concerns over supplies for the winter months.…
Saudi economy continues to suffer under pandemic hit oil sector

Saudi Arabia’s economy continued to shrink in the third quarter, as the country reels from the pandemic-hit oil sector. The…
BP returns to profit despite subdued demand amid pandemic

Oil and gas giant BP returned to profit in the third quarter, signalling a more positive outlook despite a slump…