This article is an onsite version of our Moral Money newsletter. Premium subscribers can sign up here to receive it three times a week. Standard subscribers can upgrade to Premium here, or view all FT newsletters. Visit our Moral Money hub for the latest ESG news, opinion and analysis from the FT Welcome back. For … Read more
Image source, Getty Images Article information Author, James Kok Role, Scotland Editor July 2, 2024 Updated on July 3, 2024 When BP found oil in the North Sea in 1970, Aberdeen found gold. The discovery of the gigantic Forties Field sparked an economic boom that brought jobs to the city, profits to energy giants and … Read more
Boeing and Airbus have reached an agreement to distribute Spirit AeroSystems. Boeing will pay $4.7 billion for the supplier. Including the assumed debt, this amount has increased to $8.3 billion. (zoonar.com, Zoonar GmbH) Boeing (BA) Boeing and Airbus (AIR.PA) have struck a deal to split Spirit AeroSystems (SPR), with the former paying $4.7bn (£3.7bn) for … Read more
Image caption, Many oil and gas tankers in the Arctic use heavy fuel oil to power their engines Item information A ban on the most polluting and climate-damaging fuel for ships is in force in Arctic waters. Heavy fuel oil (HFO) is a tarry, thick, but relatively cheap oil that is widely used in shipping … Read more
Oil prices have risen sharply over the past three weeks as geopolitical tensions have increased, but worrying economic data from the US could send prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with … Read more
Oil prices have soared over the past three weeks as geopolitical tensions increased, although economic data in the US could drive prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with a third weekly … Read more
The UK’s largest trade union and financial backer of Labor staged a protest on Thursday and published an open letter calling for a reconsideration of the ban on oil and gas extraction. The letter was signed by almost 200 local businesses from Scottish towns that rely on the oil and gas industry. By means of … Read more
Stay up to date with free updates Simply log in to the Oil and gas industry myFT Digest — straight to your inbox. The boss of one of Britain’s largest independent oil and gas producers has said the company is “very actively” looking for opportunities abroad, as he likened navigating the country’s tax regime to … Read more
Image caption, Surfers in Aberdeen protest on the beach calling for an end to new oil and gas permits Item information Author, Kevin Keane Role, BBC Scotland environmental correspondent June 26, 2024 Updated 7 hours ago “Do you support new oil and gas permits, yes or no?” That is the binary question at the heart … Read more
The International Energy Agency forecast this month that global oil capacity could exceed demand by 2030, leading to a bearish trend for oil prices. OPEC has not specified a timeline for production increases, but has said its actions will depend on market conditions. Oil prices, which are influenced by many factors other than supply and … Read more