Production drilling still managed to reach the highest level in a decade last year, data shows   Russian oil companies were on track for record drilling at their oil fields last year and showed no signs of harm from sanctions or the departure of some Western oil-field service providers, Bloomberg reported on Wednesday.

It is hoped the initiative will become an “antidote” to the country’s energy challenges The UK government announced plans on Thursday for what it described as the country’s “biggest expansion of nuclear power for 70 years” to boost its energy security and meet carbon emission goals.

The St. Nikolas was transporting crude from Iraq to Turkey when it was boarded An oil tanker has been boarded and seized by Iranian forces in Gulf of Oman, Tehran’s Navy confirmed on Thursday. The St Nikolas – a Greek-owned vessel bearing the Marshall Islands flag – was taken in retaliation for last year’s incident…