Saudi Arabia’s energy minister has confirmed that drone attacks on its oil facilities knocked out about 50% of the country’s production.
Saudi Arabia’s new energy minister says producers “have to share responsibility” to balance the market.
Oil has started flowing from one of the most complex developments in the North Sea.
It’s 5,000 miles and a seven-hour flight from Scotland. But the Gulf region is home to 10,000 ex-pat Scots and acts as a gateway to the world for thousands more.
Environmental campaigners have warned a move to open up new areas of the North Sea for exploration by oil and gas firms is “dangerous”.
The Strait of Hormuz has become a key battleground in the stand-off between the United States and Iran, with claims and counter-claims on either side of an argument ostensibly about oil.
Oil and gas reserves in Scotland and the UK may last only a decade, according to academics.
Around £200 billion will need to be spent to add a generation of productive life to the UK Continental Shelf (UKCS), according to a new report.
Expert says Scotland can help stop global warming by storing harmful gas in old North Sea oil fields
OLD oil fields in the North Sea could hold a key to turning down the heat on global warming, according to a world-leading expert.
ONE of the North Sea's most complex developments will continue to produce oil and gas for another 20 years, operators have said.
TODAY marks the 30th anniversary of the world's deadliest oil disaster.