A group of Western European nations led by Germany and France have committed to massively ramping up the production of clean energy from wind turbines in the North Sea, to both meet climate targets and reduce their strategic energy dependence on Russia.
A new power line between the UK and the Netherlands will deliver enough electricity to "power more homes than Manchester and Birmingham combined", the Government has announced.
The UK, it seems, still has some way to go before achieving the dream of being bigger, faster and better than the global competition – but it is a marathon, rather than a sprint.
Harbour Energy CEO Linda Cook talks job cuts, EPL and whether the firm would move its listing out of London.
Shell (LON: SHEL) CEO Wael Sawan has warned that the US is more attractive for investment than the firm’s home base of the UK.
The FCDO said people should prepare for “prolonged power outages”.
Essar said hydrogen and biofuels are becoming globally significant fuels. “The UK is positioned strongly to spearhead the rapid growth of the European low carbon fuels market,” it said. “The UK already benefits from an advanced regulatory and policy framework to support low carbon energy production”.
While the country cries out for cheap electricity, it seems perverse to fork out hundreds of millions of pounds to pay wind farm operators not to generate electricity.
The French supermajor said it expected to pay $400 million under the UK Energy Profits Levy (EPL) in the fourth quarter, bringing the full-year impact of the windfall tax to an expected $1bn.
Is the North Sea getting to grips with ESG?
“Personal claims against directors may be a potential area of growth. Directors will have to take the threat seriously, as they have an impact on their professional and personal lives,” Calvert warned.
A key power cable linking Britain and France has been used at full capacity for the first time since a fire shut it down in 2021.
If Nigeria loses in London, the incoming president will have to make the crucial decision of whether to re-enter settlement talks with P&ID, or continue claiming fraud.
Three UK coal plants have been ordered to begin warming up in case they are needed for the country's energy supply as the cold snap bites.
FoE has said the Mozambique LNG project may produce 4.5 billion tonnes of greenhouse gases. It complained the UK government had failed to evaluate or calculate these.
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
Transocean (NYSE: RIG) has unveiled a pair of UK North Sea contract wins as part of a clutch of global awards worth $488m.
The UK is going through a transition that will transform today’s energy system, writes DNV's Hari Vamadevan, but not sufficient to meet its 2050 Net Zero emissions commitments
Gazprom has stakes in five licences in the UK North Sea.
European oil and gas shortages could be on course to worsen next year when sanctions against Russia properly manifest themselves.
Simon Roddy of Shell says incoming CEO Wael Sawan has already given support to new North Sea projects like Penguins, Pierce and Jackdaw.
Countries on the continent, such as Germany, are leading the way in slashing their demand for gas, according to a new report.
Levelling-Up Secretary Michael Gove has provoked anger from environmental campaigners by approving a new coal mine in the UK.
The Court of Appeal will today hear a legal challenge over the Mozambique LNG project, from Friends of the Earth (FoE).
The Shell (LON: SHEL) Penguins FPSO has set off for its UK North Sea destination – but will first stop off at a yard in Norway.