The UK Government will allow new North Sea oil and gas licences tied to existing fields, while maintaining windfall taxes.

The new mechanism will come into effect earlier if energy prices fall below current thresholds of $71.40 for oil and 54p per ...

Global gas prices have doubled in the past year due to reduced inventories and increased consumption, signaling a challenging refill season. Major consuming regions, including the EU, UK, Ukraine, and ...

Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its ...

Regulator Ofgem says a change in the price cap in January means a 0.2% increase in gas and electricity prices.

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the ...

A new NESO assessment warns that the UK could face emerging gas supply risks in the 2030s as domestic production collapses ...

Gas prices fluctuate due to competitive pricing strategies known as gas cycling, where stations lower prices to attract customers and raise them later to recover margins. Factors like proximity to ...