Energy News

Oil prices could rise as high as $95 (£61.44) a barrel this year as global economic growth begins to pick up, according to analysts at Goldman Sachs.

A newly-discovered gas field boasting reserves worth $85 billion (£55 billion) will allow the National Iranian Oil Company to boost its gas production by 50 million cubic metres a day, the company's director has said.

Total chief executive Christophe de Margerie says the French oil giant is interested in investing in Iran in the future.

Royal Dutch Shell and Kuwait Oil Company have agreed a five-year deal to develop natural gas fields in the country as it seeks to meet growing energy demand.

Plans are afoot for a discreet sale of various Royal Dutch Shell assets, including North Sea oil fields, the Times claims.

The UK has the potential to become a leader in low-carbon technologies as the race to reduce emissions and deliver energy security continues, an expert has claimed.

Plans to increase Britain's gas storage capacity have been revealed by the government.

Britain could be hit by an "oil crunch" within the five years that will push up fuel and heating prices and threaten to destabilise the economy, it has been claimed.

Husky Energy has announced its third major gas discovery in the South China Sea.

Scottish first minister Alex Salmond is due to meet several senior French energy executives today (February 8th) as he seeks to highlight opportunities in Scotland's renewable power industry.