OPEC cites risks to summer oil outlook, holds demand forecast April 13, 2023 OPEC has flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers.
Approving Rosebank oil and gas field ‘a huge mistake’, government told April 13, 2023 Climate groups have urged the government not to approve the Rosebank project, one of the largest undeveloped fields in the North Sea.
Ukraine’s Naftogaz says Russia told to pay $5bn for seizing Crimea assets April 13, 2023 Naftogaz revealed Moscow had been ordered by an arbitration court in The Hague to pay $5bn compensation for unlawfully expropriating assets.
‘Turning point’ in shift to clean power? Fossil fuel emissions from electricity due to have first EVER annual drop April 12, 2023 The world is on course for the first annual drop in the use of coal, oil and gas to generate electricity outside of a global recession or pandemic.
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Government risks higher wind power prices as industry slams lack of funds for auction round April 12, 2023 The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage in bidders.
Glencore sweetens Teck takeover bid with cash option to sway shareholders April 11, 2023 Glencore proposed introducing a cash component to its $22.5bn bid for Teck Resources and urged its board to delay an impending vote.
Newmont tables £15.7bn mega offer for rival Aussie gold miner Newcrest April 11, 2023 US gold miner Newmont has ramped up its bid for Aussie rival Newcrest with a massive £15.7bn ($19.5bn) final offer.
BP: Oil and gas giant takes 40 per cent stake in massive UK carbon capture and storage project April 11, 2023 BP has snapped up a hefty stake in a major upcoming carbon capture project from Harbour Energy, bringing more focus to decarbonisation.
Another LNG-fuelled winter will expose lack of seriousness about UK’s energy goals April 11, 2023 Winter is over, with the government managing to stave off blackouts over – but LNG problems persist, exposing the UK's energy challenge.