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.
Spiralling gas prices and shortages of fuel on the UK’s forecourts have brought into sharp focus the importance of ensuring policy protects the country’s energy supplies throughout the energy transition.
European energy prices soared to fresh records amid worsening fears over supply, with UK natural gas futures exceeding the threshold of 300 pence a therm for the first time ever.
All eyes are on Glasgow as the world’s leaders prepare to convene for COP26, and the call to action has never been stronger as the climate crisis rolls on.
Boris Johnson has said he wants all of the UK's electricity to come from green energy sources by 2035 to tackle the climate crisis and end the nation's dependency on imported fossil fuels.
Everybody loves a big-budget, blockbuster sequel. Half a century after the original and long-running oil boom adventure, the North Sea is poised to repeat and surpass that success with an even bigger net-zero carbon and renewable follow-up: the £16 billion North Sea Transition Deal.
The Serious Fraud Office (SFO) has said Petrofac should face a $209million (£154m) fine for pleading guilty to seven bribery offenses, about double what the company said it can afford at a London court hearing.
Hurricane Energy (LON: HUR) shares have dropped by 25% after announcing it expects to reach the production “bubble point” at its flagship Lancaster field as early as the first quarter of next year.
Westwood Global Energy reports that as of 29 September there were two appraisal wells and two exploration wells active in the UK.
Pakistan only started importing liquefied natural gas (LNG) six years ago, but its growing dependence on the super-chilled fuel is starting to turn into a nightmare.
The chairman of activist fund Crystal Amber has claimed its “decisive action” saved $22million which would have been lost from Hurricane Energy.
Parker Drilling is aiming to double its UK headcount as part of a global overhaul which will see the business targeting North Sea operations and maintenance work (O&M).
Westhill-based i3 Energy has said it will seek to drill an appraisal of its “company-maker” Serenity project as early as the first quarter of next year.
The UK government took emergency measures late Sunday to try to ease acute fuel shortages across the country, as petrol retailers shut pumps after days of panic buying.
Xlinks has set out plans to export clean electricity from Morocco to the UK, via HVDC subsea cables.
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.
The UK will experience a shift in the weather next week, including strong winds that will ease its dependence on expensive natural gas to produce electricity.
UK energy secretary Kwasi Kwarteng has told MPs there is “absolutely no question of the lights going out” as gas prices across Europe soar.
Petrofac is teaming up with tech firm CO2 Capsol targeting carbon capture and storage (CCS) work across the UK, Europe and, eventually, globally.
Natural gas prices in the UK and the Netherlands soared to record highs as concerns over tight supplies mount while demand increases.
Optimising the placement of turbines within a wind farm can significantly increase energy extraction, but only up to a point.
Small energy suppliers in the UK are going out of business as natural gas and power prices reach record highs across Europe.
Westwood Global Energy reports that as of 31 August there were two appraisal wells and one exploration well active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and two exploration wells at 22/6c-B4Z Bacchus South and 16/2a-6 Tiger Lily.
An alliance exploring offshore platform electrification in the UK can act as the “glue” that binds together a range of stakeholder interests and make projects a reality.
Valaris will drill the highly-anticipated Buffalo-10 well offshore East Timor that if successful could unlock more than 30 million barrels of oil.