Kwarteng: UK aims to ‘drive down’ amount of gas being taken from Russia
Even the “tiny fraction” of gas that the UK takes from Russia is “too much”, business secretary Kwasi Kwarteng has said.
Kwasi Kwarteng
BP boss summoned by UK business secretary over Rosneft ties
BP is under pressure from the Government to cut its ties with Russian oil giant Rosneft, which the British-based company holds a 20% stake in.
Government ramps up renewables with yearly CfD auctions
The UK Government has said it will increase the frequency of its renewable capacity auctions from biennial to yearly, in a bid to boost investment and jobs.
‘Transition, not extinction’ – Kwarteng says UK can’t turn its back on 250,000 oil and gas jobs
The UK’s business and energy secretary has defended the role of the oil and gas industry in the transition to net zero.
UK Gov accused of ‘great Scottish renewables robbery’ over grid charging
Aberdeen South’s SNP MP Stephen Flynn has slammed the UK Government over what he is calling the “great Scottish renewables robbery”.
OGUK calculates £3bn ‘bonanza’ for UK Treasury from surging gas prices
UK oil and gas companies will contribute billions more to the country’s coffers whether a windfall tax is introduced or not.
Windfall tax on North Sea operators ‘would exacerbate’ energy crisis
There are fears a windfall tax on the profits of oil and gas companies would deal a further blow to “investor confidence” in the UK North Sea.
UK gives itself 3 months to find fix for energy price rise
The UK government is giving itself until April to find a solution to soaring gas prices since that’s when consumers would start feeling the bite of a new cap on utility bills.
Energy consumers in north Scotland urged ‘don’t panic’ as bills set to soar
Soaring gas prices caused the demise of a raft of energy suppliers in 2021 and will likely lead to a “crisis” rise in household bills next year, industry experts have warned.
‘We’re backing the oil and gas sector’: UK Government responds to Aberdeen business leaders
The UK energy secretary has responded to a letter penned by 58 Aberdeen business leaders which called for a more “reasoned debate” on the future of oil and gas.
Kwarteng urged to use powers to adjust ‘out of date’ transmission charges
Westminster’s Business Secretary Kwasi Kwarteng is being urged to use his powers to address the issue of fair grid access for renewables projects.
Qatar takes Rolls-Royce small nuclear plans over the line
The Qatar Investment Authority (QIA) has reached a deal with Rolls-Royce to invest in new small-scale nuclear power.
UK Government announces £20m ring-fenced tidal funding in upcoming CfD
The government has announced it will provide £20 million per year in ringfenced tidal stream project support as part of the upcoming Contract for Difference (CfD) round, following pressure from industry and MPs.
UK Gov to invest £160m to create floating offshore wind ports in Scotland
The UK Government has set aside tens of millions of pounds to build new large-scale floating offshore wind ports and factories.
UK business secretary grilled over Scottish CCUS rejection
UK business secretary Kwasi Kwarteng has been grilled over the decision to reject the Scottish Cluster from the first round of a £1billion government carbon capture utilisation and storage (CCUS) competition.
‘You can’t move a store, but you can move a turbine’ – BP CCS boss on scramble for North Sea space
A senior figure at BP (LON: BP) says “compromises will need to be made” over access to space for North Sea energy transition projects.
UK customers told not to worry about ‘the lights going out’ amid energy crunch
Consumers have been told not to worry about “the lights going out” this winter amid concerns the UK Government’s price cap could see energy bills soar when it is reviewed next year.
More energy suppliers will fail this year, UK Business Secretary warns
UK Business Secretary Kwasi Kwarteng warned that more energy suppliers may fail this year after a surge in gas prices caused seven to collapse already, affecting some 1.5 million households.
Gas prices: Energy firms warned government two years ago that sector was fragile
The boss of an energy industry body has said her team warned the Government and Ofgem that the sector was fragile at least two years ago.
Outlook for small energy firms ‘looking bleak’ amid gas wholesale price rises
The Government wants energy firms to "stay afloat organically", a Cabinet minister has said, as the growing energy crisis led to company bosses saying the outlook was "looking bleak".
‘No question of the lights going out’ Kwarteng tells MPs as gas prices soar
UK energy secretary Kwasi Kwarteng has told MPs there is “absolutely no question of the lights going out” as gas prices across Europe soar.
UK energy firms seek bailout as government talks run on
UK energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business.
‘Today marks the start of the UK’s hydrogen revolution’ – Westminster publishes Hydrogen Strategy
The UK Government has pledged to support the advancement of both green and blue hydrogen as part of plans to create a “thriving” low carbon sector.
Siemens Gamesa to invest £186m in Humber blade manufacturing facility
Siemens Gamesa Renewable Energy is to double the size of its Humber offshore wind turbine blade factory after securing government funding.
Prime Minister joined by business minister for Moray East visit
Business minister Kwasi Kwarteng has joined Prime Minister Boris Johnson on the second day of his two-day visit to Scotland.