UK, Norway announce new clean energy partnership
The UK and Norway will launch a new Green Industrial Partnership to combine their capabilities on clean energy and drive economic growth.
UK
UK energy consumption and emissions drop in 2023
The UK saw its energy consumption and emissions fall in 2023, bucking a global trend of growing fossil fuel consumption.
‘The threat alone is something’: Security experts weigh China’s role in North Sea
Questions have been raised by security expert on the roles of Chinese state-owned firms like CNOOC in the UK's energy sector.
UK energy production reaches lowest level on record
Domestic energy production in the UK has reached the lowest level since records began in 1948.
Russia’s Gazprom plans sale of UK North Sea business
Gazprom, the Russia state-owned energy firm, has announced plans to sell off its UK North Sea business.
Why politicians are stoking a climate backlash that threatens green goals
Politicians are vowing to roll back green policies and downplaying climate change ahead of key elections on both sides of the Atlantic, casting doubt on whether countries can maintain momentum in the transition away from fossil fuels.
Net Zero economy grew 9% in 2023 to be worth £74bn, report says
The “net zero economy” - from renewables and electric cars to green finance - grew 9% in 2023 to contribute £74 billion to the UK, a report has shown.
UK tracks off course for net zero, DNV warns
The UK has made impressive ground in its efforts to remove carbon from its energy system. As the country closes in on 2050, it will become harder – and is currently off course to achieve net zero, according to DNV.
Report finds nearly two thirds of UK energy firms consider moving investments abroad
UK Sustainable Investment and Finance Association report finds failure to implement favourable policies could see UK lose out on £115 billion in investment
Xlinks appoints new CEO to lead ambitious Morocco-UK power project
Xlinks First Ltd. has appointed a new chief executive officer to lead its ambitious plan to transmit electricity from a solar and wind power plant in Morocco to the UK via a subsea cable,
Exiting Egypt, United’s Larkin eyes a return to deal making
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
Europe’s offshore wind ambitions face huge supply chain challenge
Europe’s offshore wind supply chain faces a herculean effort to build the infrastructure needed to meet the continent’s climate goals.
Brent oil price climbs to $80 on US-UK airstrikes on Houthi rebels
Oil held gains after the US and UK made a fresh round of strikes against Iran-backed Houthi rebels in Yemen, fanning tensions in the Middle East and offsetting concerns global supplies remain ample.
Vestas will make its biggest-ever wind turbine blade in Poland, hints at UK plant
Vestas is still considering building an additional factory in the UK, potentially in Scotland, to help serve the UK market.
China’s solar boom fuels record growth in global renewables, wind power slows
Wind power, however, is growing at a slower rate after supply chain issues, inflation and higher borrowing costs put projects in Europe and the US in jeopardy, particularly for offshore farms.
2024 the year of a ‘Sea Change’ in the North Sea
The UK urgently needs coordinated and integrated transition plans to ensure a just and fair transition for all, writes Professor Paul de Leeuw
Houthis scale up Red Sea attacks with drone boat
The USV mobilisation this morning is the first such reported incident using this technology. Previously the Houthis have used unmanned aerial vehicles, small boats and missiles.
UK warship in Guyana sparks Venezuelan drills
Venezuelan Foreign Minister Yvan Gil said his country "categorically rejects the arrival” of HMS Trent. This, he said, was “an act of hostile provocation and a violation of the recent Argyle Declaration".
Hunt to announce UK Budget on March 6 as Tories push for giveaways
Chancellor Jeremy Hunt will announce the next UK budget on March 6, giving the governing Conservatives what’s likely their last opportunity to announce giveaways before a general election.
UK to introduce carbon levy on imports starting 2027
The UK will introduce a carbon border levy in 2027 for imports of emissions-intensive goods from countries deemed to have weaker climate rules, following a similar move by the European Union.
Russia’s Gazprom makes nearly £40m from UK gas field
Russia owned energy firm Gazprom made nearly £40m from its stake in a UK North Sea gas field last year, new documents have revealed.
UK imports ‘record’ LNG amid growing reliance on US gas
US LNG is almost four-times more carbon-intensive than domestic UK gas production.
Exclusive: Over a third of North Sea workers too heavy for lifeboats
‘Angst’ as new HSE data finds 36% of UK offshore workers now above 100kg maximum weight threshold.
TAQA plans end to North Sea production in 2027
TAQA (ADX: TAQA) intends to cease production from all of its UK North Sea platforms by the end of 2027.
Huge Orsted UK wind park to benefit from Treasury tax relief
Orsted (CPH: ORSTED) will benefit from permanent tax breaks announced by UK Chancellor Jeremy Hunt in an effort to support the country’s business in the shift to clean energy.