The judgement came after a case brought by environmental campaigners at the Court of Session in Edinburgh.

Britain's approvals for two vast North Sea oil and gas fields were overturned by a Scottish court on Thursday, a significant ...

The approval of the North Sea oil fields has been quashed while a revised environmental impact assessment is submitted.

Greenpeace and Uplift had claimed the impact of greenhouse gas emissions caused by burning extracted oil and gas from the ...

Oil prices were under pressure this week, but the looming threat of U.S. tariffs on Canada and Mexico could send them spiking next week.

A judge has ruled that private interests and climate change considerations should have been considered when the U.K.

The Scottish Court of Session has ruled that two major North Sea oil and gas fields were approved unlawfully, as their ...

LONDON — The Scottish High Court quashed decisions by the British government to approve drilling in two vast North Sea oil ...

Brazilian state-run oil firm Petrobras said on Wednesday that its estimated proven reserves of oil, condensate and natural ...

Petrobras increased its proven oil and gas reserves by 500 million barrels in 2024 and plans to invest $111 billion in exploration and production over the next five years.

In accordance with US Securities and Exchange Commission criteria, the estimates reached 11.4 billion barrels of oil ...