BP rubbishes Rosneft claim it is set to ‘wait out’ Russia’s war in Ukraine June 19, 2022 OIL giant BP has rubbished claims by the boss of Russian energy firm Rosneft that it was second-guessing its decision to pull out of the country after the Kremlin’s invasion of Ukraine. Igor Sechin said BP still remained its largest private shareholder despite announcing its departure from a three-decade partnership with the Russian company. “All [...]
Energy body: Windfall tax starting to deter investment June 19, 2022 ENERGY industry bigwigs have warned the first signs of the windfall tax’s chilling effect on investment are starting to be felt after reports that the Norwegian state energy company is considering abandoning a £4.5bn North Sea oil project. The Sunday Telegraph reported this weekend that Equinor’s involvement in the Rosebank Field was now in question [...]
Ofgem turns up the heat on UK Energy Incubator Hub amid industry crackdown June 18, 2022 Ofgem has demanded troubled supplier UK Energy Incubator Hub hand over information on financial stress testing and management control.
Government backs £130m subsea cable facility ahead of renewable ramp up June 17, 2022 JDR Cable Systems has gained further financial backing from the Government for its new subsea cable manufacturing facility in Northumberland.
British Gas owner Centrica strikes mega deal with Equinor to boost supplies to British homes June 16, 2022 One billion more cubic meters of gas will enter the UK market for each of the next three winters - after Centrica reached a mega deal with Equinor today.
Tensions mount between the Kremlin and the West as Gazprom cuts gas flows into Europe June 16, 2022 Europe is facing up to the growing prospect of a future without Russian gas, amid cuts from key pipeline Nord Stream 1.
Prime Minister Boris Johnson aims to protect more households with £1bn energy efficiency boost June 16, 2022 Prime Minister Boris Johnson is drawing up plans to insulate hundreds of thousands more homes before winter with up to £1bn funding.
Use windfall tax to improve energy efficiency of British homes, argues climate charity Ashden June 16, 2022 The government should funnel revenues from the windfall tax into making the UK's housing stock more energy efficient, says Ashden.
Europe ramps up buys of South African coal amid supply security push ahead of Russia ban June 15, 2022 European countries have ramped up purchases of South African coal to meet their energy needs, as the continent scrambles to secure supplies.
Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.