(Bloomberg) — Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia’s invasion of Ukraine. Aramco, which last week , followed Big Oil rivals such as Shell Plc and BP Plc in reporting bumper earnings for the first quarter. Like them, the Saudi Arabian firm’s res...
(Bloomberg) — Six months ago, U.K. North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused on hosting the COP 26 climate talks and environmental groups were close to killing off one of the country’s largest oilfield developments, called Cambo. An industry that had excelled at prolonging its lifespa...