Oil

A north-east MSP has called for assurances that UK carbon capture and storage (CCS) projects won’t hit the buffers following the Cabinet reshuffle.

Oil giant Shell has confirmed all decommissioning work on the Curlew floating production vessel (FPSO) has been suspended due to an incident involving a worker.

Independent Oil and Gas (IOG) has agreed to sell 50% of its southern North Sea assets. excluding the Harvey licences. to CalEnergy Resources.

Iran stresses that it will continue oil exports despite all pressures.

Iran’s mission urged all actors to abstain from compromising the safety. security and stability in the volatile Persian Gulf region and specifically in the Strait of Hormuz.

IEA analysis suggests global methane emissions from the oil and gas sectors could be reduced by nearly half at no net cost.

A new report from Oil &. Gas UK shows upstream oil and gas operations directly contributed around 3% of the country’s total greenhouse gas emissions.

The National Iranian South Oil Company (NISOC) CEO said biological waste management could halve drilling costs in oil projects. expressing optimism that all the country’s drilling fleet would be equipped with such systems.

Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.

West Texas Intermediate futures rose one per cent to $56.32 a barrel on the New York Mercantile Exchange. Brent crude.