Scrap windfall tax on oil and gas firms early, North Sea industry urges
North Sea oil and gas industry urges Labour to scrap the windfall tax three years early and approve two major fields, amid expectations of high winter energy bills.
Yemen Escalation Raises New Risks for Global Oil Markets
Yemen’s Houthi rebels have seized Red Sea territory and intensified attacks on Saudi oil infrastructure, escalating regional tensions and raising concerns about global energy supply disruptions.
Europe’s Offshore Wind Slowdown Is Squeezing Manufacturers
European offshore wind monopile manufacturers face significant overcapacity as project delays push demand timelines further out, squeezing margins despite heavy investment in new facilities.
Saudi Pipeline Restart Fails to End Oil Market Tightness
Saudi Arabia’s East-West pipeline restart has resumed operations but at reduced capacity, while freight costs and diesel prices remain elevated, signaling continued market tightness despite increased crude supplies.
Nuclear Safety Brings America Into Russia’s Uzbek Energy Project
Uzbekistan signed a nuclear safety agreement with the United States while continuing its Russian-backed reactor project, suggesting potential concerns about project management and oversight.
Norway’s Liquids Output Rebounds by Nearly 100,000 Bpd—but Still Trails 2025
Norway’s total liquids production rebounded by 97,000 barrels per day in August to 2.073 million barrels per day, though output remains 4% below August 2025 levels.