Energy transition akin to Industrial Revolution – Centrica speaks out on scale of challenge
The energy transition requires the sector to grapple with the Fifth Industrial Revolution.
Natural Gas
Should the UK reset its carbon price trajectory?
The EU’s CBAM will negate some of the benefits of a separate UK ETS and increase the complexity of trade. Harmonised systems, in contrast, would create a more effective CBAM-protected bloc and prevent carbon price competition. However, the UK ETS is Brexit’s child, and Brexit was never about cooperative action in the face of climate change...
EnergyPathways secures loan to develop gas storage hub
EnergyPathways (AIM: EPP) has entered into a £5.1-million loan facility to develop its Marram Energy Storage Hub (MESH) project.
Exposed: the UK’s gas deficit will persist
The UK’s dependence on LNG imports exposes UK consumers to an international gas market over which they have no control. If the European winter is cold or Asian LNG demand booms, the UK will feel the consequences.
UK’s critical gas infrastructure at risk if investment allowance scrapped
NSMP CEO calls for industry and policymakers to collaborate to deliver a just transition as UK gas faces risk from fiscal instability.
UK gas plants kept offline by wind and solar
UK gas-fired power plants are running at their lowest hours of operation since 2017 owing to high levels of wind, solar and imports from Norway and France into the national grid.
Jersey Oil and Gas ‘hopes sense prevails’ in Westminster
Jersey chief executive Andrew Benitz said the firm's achievements have been marred by "fiscal and political turmoil" which has forced them to take measures including a 50% cut in staff and director salaries.
Costain to investigate hydrogen blending for hard-to-decarbonise gas customers
Wales and West Utilities (WWU) has commissioned infrastructure firm Costain to investigate the feasibility of blending hydrogen into the gas supply for industrial and commercial gas customers.
Oil and gas – not in favour but still in demand as M&A spreads
A wave of oil and gas ‘megamergers’ across the pond could be coming our way, as Europe’s supermajors – focused in recent years on a tilt to investment in renewables and ESG concerns – look to fill their future reserves through large acquisitions.
Fast-tracking the energy transition with ‘decaf gas’
Climate scientists are warning that 2024 is on track to be the warmest year on record. Global temperatures are likely to exceed those in 2023 and every single month since June 2023 has ranked as the world’s warmest compared to pre-industrial levels.
Praise for ‘pragmatic’ Norway as Europe’s biggest gas producer at ONS
Norway's role supporting Europe through its energy crisis and cutting emissions in Africa and India was credited to its positive support for its oil and gas industry.
Woodside, climate group agree to end Scarborough gas challenge
Woodside Energy Group Ltd. and the Australian Conservation Foundation agreed to dismiss the latter’s challenge to the development of the $12.5 billion Scarborough natural gas field off Western Australia.
Shell goes for gas as profits hit £4.9 billion
Shell (LON:SHEL) unveiled quarterly profits $6.3 billion (£4.9b) as it highlighted global investments in gas and LNG.
Kistos increases gas storage facility working capacity by 24%
North Sea operator Kistos (LON:KIST) has increased the working gas capacity at its newly acquired Hill Top Farm site by 24% following a trial.
General election: where do the parties stand on oil and gas
The energy industry and the North Sea has loomed ever-larger on the political radar. As parties vie for votes ahead of the UK General election on 4 July, leading industry lawyer Graeme Clubley offers his analysis on the impact on the sector of each group's manifesto policies.
Reabold hails “excellent economics” of gas field plan
Reabold Resources (LON: RBD) has hailed the "excellent economics" of a new plan and a regulatory green light for its onshore gas project at West Newton near Hull.
75% of Scots back North Sea oil and gas
Three-quarters of Scots support oil and gas production from the North Sea, according to a new poll.
Norwegian gas flows resume to England after pipeline repair
Supplies of Norwegian gas to northern England have resumed via the Langeled pipeline after damage was discovered on the Sleipner Riser platform, Reuters has reported.
Sumitomo backs UK Oil & Gas hydrogen storage plans
Fresh from putting shovels in the ground on a £350 million cable factory in Scotland, Japanese conglomerate Sumitomo has backed plans to develop hydrogen storage capacity with UK Oil & Gas in Dorset and Yorkshire.
John Swinney commits to debate future of oil and gas in Aberdeen
The new first minister says he's "very happy" to take part in the challenge first agreed by Humza Yousaf and opposition leaders.
Chevron invests in Israeli gas boost
Chevron has taken the final investment decision (FID) on the second phase of the Tamar field, offshore Isreal.