Liz Truss to make announcement on dozens of new North Sea licences: report
Liz Truss is to unveil a new swathe of North Sea licences, according to a news report, in an effort to boost domestic oil and gas production.
energy crisis
Brian Wilson: Energy crisis met with policy vacuum
It’s a couple of months since I suggested the energy crisis would be as big as Covid and thereby demand the same scale of response. It wasn’t a very fashionable thought but perceptions have moved rapidly – everywhere, except where it matters most, in government.
Employment experts ‘strongly suspect’ North Sea strikes will persist following ‘significant increase’ in disputes
An “expectation gap” between workers and employers mean offshore strikes - a feature of the North Sea of late - are likely to linger for some time.
European Energy Slumps as German Gas Stores Fill Ahead of Target
European natural gas prices plunged the most since March after Germany said its gas stores are filling up faster than planned.
Energy Price Cap: Expert warns of rationing risk as bills to surge beyond £3,500
As the energy price cap surges, a leading petroeconomist has painted a gloomy picture as the UK faces up to the prospect of winter without adequate energy supplies.
UK had early warning but still faces industry crisis over energy
UK ministers were warned that energy-intensive industries were at risk of work slowdowns and site closures due to soaring energy prices even before Russia’s invasion of Ukraine exacerbated the crisis.
Centrica aiming to reopen Rough gas storage at start of September
Centrica is aiming to start filling up the Rough gas storage facility in "little more than a fortnight".
Noble floater fleet 100% contracted in Q2 as oil companies scramble to secure units
All of Noble’s floating drilling units were contracted in the second quarter of the year, as offshore drilling continues its renaissance.
UK plans for blackouts in January in emergency energy plan
The UK is planning for several days over the winter when cold weather may combine with gas shortages, leading to organized blackouts for industry and even households.
Crippling energy crisis set to worsen for debt-ridden South Asia
An unprecedented energy crisis that’s gripping some of the most densely-populated and impoverished parts of South Asia may soon worsen as more fuel suppliers avoid selling oil to these nations.
Next Prime Minister faces 150% energy price shock for UK
Every UK prime minister expects to face challenges. Few would imagine that they might have to spend billions of pounds to make sure people don’t freeze in their homes during winter.
The global energy crisis may get worse, IEA’s Birol warns
A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.
Approval of Shell Jackdaw field in North Sea ‘imminent’, report claims
Approval of the Shell Jackdaw gas field in the North Sea is now “imminent”, according to a newspaper report.
Millions face fuel poverty, energy bosses warn
As many as four in 10 people in Britain could fall into fuel poverty in October, energy bosses warned, as they called for more support from the Treasury for vulnerable households.
OPEC+ refuses to deviate from gradual oil output hikes
OPEC and its allies once again stood back from the crisis engulfing oil markets, refusing to deviate from their schedule of gradual production increases as the U.S. considered an unprecedented release from emergency crude stockpiles.
Current timeframe for building offshore wind farms now ‘unacceptable’ amid energy crisis
Offshore wind developers have been told they need to slash the amount of time it takes to build projects.
OGA chairman says North Sea windfall tax will not solve energy crisis
Oil and Gas Authority (OGA) chairman Tim Eggar has added his name to the list of those opposed to a windfall tax on North Sea companies.
UK energy ‘vulnerable’ to price shock from Russia-Ukraine tensions: OGUK
UK energy prices will be “vulnerable” to the impacts of Russia’s threatened invasion of Ukraine, trade body Oil and Gas UK (OGUK) has warned.
What would war in Ukraine mean for Europe’s energy crisis?
How hard will energy-starved Europe be hit by a potential Russian invasion of Ukraine? It depends on how President Joe Biden reacts.
Calls for North Sea windfall tax to ease energy price spike
A North Sea windfall tax has been put forward as a means of easing the impact of soaring energy costs on UK consumers.
Scottish accountant says open energy market has ‘completely backfired’
Putting the latest failed energy supplier under a “special” administration will help to avoid a further collapse at another supplier, a Scottish insolvency expert has said.
La Nina threatens to worsen Asian energy crisis with colder winter
A weather phenomenon that typically delivers harsher winters is on the way and expected to add to Asia’s energy crisis.
Early freeze across China adds to the nation’s energy crisis
Plunging temperatures across parts of China have sparked an early start to the winter heating season, likely lifting power demand and intensifying the nation’s energy crisis.
Progress towards a clean energy system ‘still far too slow’, warns IEA report
Progress towards a clean energy system is “still far too slow” to be compatible with net zero by 2050, a report has claimed.
Make hydrogen in summer to power Britain in winter, networks say
The UK could store enough power in underground reservoirs during the summer to get it through winter in future, according to a report which backs hydrogen technology.