Cost of UK winter triples as energy price cap leaps
UK households will pay almost triple the price to heat their homes this winter compared with a year ago, a jarring increase for millions of people already struggling to afford everyday essentials.
UK
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.
Floating forecasts: Key questions on the skills challenge for floating wind
Floating offshore wind (FOW) is the new great hope, the next big breakthrough, in renewable energy. It is a huge worldwide growth area with transformative potential for our people, our communities, and our national wealth and wellbeing.
Poorer nations face unrest as wealthy countries snap up fuel
Russia’s war in Ukraine has Europe bracing for a tough winter, but the costs are piling up higher in emerging nations as governments struggle to keep energy flowing to citizens hit by surging inflation.
UK inflation hits double digits for the first time in 40 years
UK inflation rose more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England.
Neptune Energy sees windfall tax threatening investment
Neptune Energy CEO Pete Jones has warned that the UK’s windfall tax on oil and gas profits will threaten long-term investment in the sector, but have limited impact on the firm itself.
‘Thousands’ to stage week of protests against Shell Jackdaw field
Activists have said “thousands of people” will take part in a planned week of protests this month against development of the Shell (LON:Shell) Jackdaw project in the North Sea.
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Baker Hughes: Strikes still going ahead at Montrose despite new deal
Strikes are still on the cards at Montrose despite Baker Hughes (NASDAQ: BKR) making a new deal for workers.
Gallery: ‘End of an era’ as Foinaven FPSO arrives at Hunterston from BP oilfield
The former production ship for a BP (LON:BP) oilfield in the West of Shetland has arrived at Hunterston for partial decommissioning.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Ambassador eyes offshore wind team-ups between UK and Norway
Just as oil and gas has borne decades of partnerships between the UK and Norway, Britain's ambassador wants to see similar team-ups as offshore wind booms.
UK supply chain poised for lion’s share of carbon capture benefits
Some miles off the coasts of England, Ireland and Scotland, deep under the sea, lie rock formations which could be capable of holding up to 78 billion tonnes of CO2.
UK well slot: Orlov awaits after Edinburgh dud
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Petrofac passes 20 years on Kittiwake with new EnQuest extension
Petrofac (LON: PFC) has landed a contract extension with EnQuest – taking it beyond 20 years as the duty holder on the Kittiwake asset in the North Sea.
Kwarteng meeting with North Sea oil firms on windfall tax
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the government’s windfall tax.
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.
Viral TikTok video slammed as ‘reckless’ after vlogger takes paddleboard out to UK wind farm
A viral TikTok video has been blasted as “reckless” after a vlogger took a paddleboard solo on a 20-mile round trip to a UK wind farm.
UK North Sea to lead global charge on major subsea projects
The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
UK stumps up another £2mn for Yemen’s floating oil threat
The UK will provide another £2 million to help the FSO Safer, a deteriorating vessel holding around 1 million barrels of oil offshore Yemen.
Why UK petrol prices aren’t plunging with oil price
Ask any UK driver about the soaring price of petrol and they’ll probably tell you something like this: prices always rise with oil, but they never seem to track it lower.
Who is Andrew Austin? North Sea dealmaker targeting Serica Energy
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).
ConocoPhillips gets approval for £1bn UK-Norway North Sea project
ConocoPhillips (NYSE: COP) has received approval from UK and Norwegian authorities for a £1 billion cross-border field in the North Sea.
UK to set out plans next week on electricity generator windfall tax
The UK plans to announce in the coming days whether it will extend a windfall tax to electricity generators -- a difficult task as the government tries to help consumers struggling with inflation while also supporting renewable energy.
Storegga partner Mitsui teams up with Petronas for Malaysia CCS
Malaysian national oil company Petronas has signed a memorandum of understanding with Japan’s Mitsui for the conceptual and feasibility studies on the carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia. Significantly, Mitsui is a shareholder in UK-based carbon management business Storegga, that is developing the Acorn CCS project.