Sanjoy Sen: West needs to challenge its long-held beliefs on energy
On the 24th February, the first of many Russian tanks rolled into Ukraine. And as Brian Wilson noted last week, some uncomfortable realities have kicked in here and across Europe.
UK
UK Government mulls relaxing North Sea climate checkpoints
The UK government is considering changing incoming rules on climate checkpoints that govern the award of new permits for North Sea oil and gas fields.
‘Candidate shortage’ for North Sea jobs as oil price back at $100
There is a “candidate shortage” for the increasing levels of work being seen in the North Sea with the oil price now beyond $100.
Boris Johnson setting up ‘energy task force’ on oil and gas
Boris Johnson is reportedly setting up an energy task force to help bolster oil, gas and nuclear supplies to help keep UK bills down and cut reliance on Russia.
UK delivers sanctions hit on CEOs of Rosneft and Gazprom
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
Bigger Faster Better #2: The future of hydrogen in the UK and UAE
The second episode of Bigger Faster Better explores the future of hydrogen and compares how this crucial low-carbon technology is developing in the UK and the United Arab Emirates (UAE).
Shell bids big for North Sea oil a day after axing Russian crude
A day after saying it would quit buying Russian crude, Shell was bidding at high prices for barrels produced North Sea oil -- in what may give an early indication of the cost of the switch.
Oil jumps to $130 with US and UK set to ban Russia imports
Oil extended its rally as the US and UK said they plan to ban Russian oil imports while oil giant Shell announced it will also halt purchases from the country.
Watch: New North Sea licences ‘not a reasonable response’ to surging prices, MPs told
MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.
Shell Jaws exploration well in UK fails to make a catch
The Shell Jaws well in the North Sea has proved unsuccessful, partner Capricorn Energy has announced.
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.
Stranded asset risk in Africa on the rise
Investments in Africa’s oil and gas risk undermining a move to lower carbon energy sources and are at risk of becoming stranded assets, according to a new report.
Awilco Drilling appoints insolvency experts after losing £6.8m HMRC case
Aberdeen-headquartered Awilco Drilling has appointed insolvency experts for one of its subsidiaries after losing a £6.8 million case against HMRC.
Neptune Energy to go ‘beyond net zero’ by 2030
Neptune Energy has announced it aims to store more carbon than it emits from its operations and the products it sells by 2030.
Shell appoints Sinead Gorman to replace Jessica Uhl as CFO
Shell (LON: SHEL) has appointed Sinead Gorman as its new chief financial officer (CFO), replacing incumbent Jessica Uhl.
BP and other North Sea players keeping tabs on UK sanctions against Russia
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Concerns for UK coastline as Eni oil pipeline spills 500 barrels into East Irish Sea
Concerns have been raised for the UK coastline after a 500-barrel oil spill into the East Irish Sea from a pipeline operated by Eni.
Oil and gas windfall tax: Why are people calling for it, and what could it do to jobs and bills?
Oil and gas giants announced bumper profits, prompting renewed calls for a windfall-tax to help those struggling to pay rising energy bills.
BP chief opposes windfall tax: ‘The UK needs more gas, not less, right now’
The chief executive of BP has argued a windfall tax on North Sea operators could hurt investment and production of gas in the region.
Lamprell bidding pipeline climbs to $7.9 billion as renewables boom
Lamprell has indicated a “significant step up” in its bidding pipeline as global opportunities in renewables continues to rise.
Energy companies defend net zero after report of UK wavering over gas prices
Companies are defending Britain’s net-zero plans as the best way to resolve the energy crisis in the long term, after a report that close advisers to the prime minister are warning that a rethink of the policy is needed.
North Sea ‘falling behind’ as global offshore investment returns to pre-pandemic levels
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
European gas slumps as China readies to flood market with LNG
European natural gas slumped as a top LNG importer in China prepares to flood the market with fuel that could further ease supply concerns in the continent.
Oil expertise meets CCS ambitions in Lapis Energy
Is there a space for carbon capture and storage (CCS) as a service? Recently formed Lapis Energy is betting there is, eyeing opportunities in the US, UK, Europe and South East Asia.