North Sea industry blames windfall tax for sharp declines in oil and gas production April 20, 2023 The UK's North Sea industry is set for a steep decline in production and capital expenditure, according to the latest data from NSTSA.
Russian ships accused of plotting North Sea sabotage with ghost ships April 19, 2023 The UK is under threat from a Russian programme to sabotage wind farms and cables in the North Sea, according to new allegations.
Glencore willing to sweeten $23bn bid for Teck, ramping up pressure on board April 19, 2023 Glencore said today that it is willing to improve its $23bn (£19.7bn) bid for Teck Resources, ramping up the pressure on Teck's board to negotiate with mining giant.
Analysis: Could Ofgem’s prepayment meter crackdown end up fuelling ‘bad debt’? April 18, 2023 Ofgem and Energy UK have warned over bad debt after the latest clampdown on prepayment meters failed to ban forced installations.
Shell restarts Pierce field operations in UK North Sea April 18, 2023 Shell has restarted operations at the Pierce field in the Central North Sea, following an upgrade to allow gas to be produced at the location.
UK has enough gas for summer demand, National Gas Transmission confirms April 18, 2023 The UK will have sufficient gas supply to meet demand from April to September and is expected to sustain flows to Europe
UK risks missing net zero goals warns Ovo boss, as firm unveils new tariff to fight greenwashing April 18, 2023 The UK will miss its net zero goals without bolder action from the government and energy industry, warns Ovo boss Raman Bhatia,
Forced prepayment meter installations for over 85s banned in Ofgem crackdown April 18, 2023 UK energy suppliers have all signed up to a new code of practice for prepayment meters as part of an industry crackdown.
North Sea industry push for windfall tax price floor in bid to boost bank lending April 18, 2023 North Sea oil and gas producers are pushing the government to introduce a price floor in the windfall tax so that banks will offer better loans.
Low-cost energy generation may no longer be winning factor for renewable auctions under government overhaul April 18, 2023 Applications for renewable projects could soon be assessed on their contributions to the wider green industry, rather than just prices.