Oil and gas body launches UK’s first ever carbon storage licensing round June 14, 2022 Thirty million tonnes of CO2 could be permanently stored in rocks deep beneath the UK’s surrounding seas by the end of the decade.
Europe funds Russian war efforts as biggest buyer of Kremlin-backed fossil fuels June 13, 2022 Fossil fuels are filling the Kremlin's war chest and despite its sanctions, the EU remains its biggest buyer of energy supplies.
Oil prices flat as tight markets compete with dropping demand ahead of IEA report June 13, 2022 Oil prices have flatlined - with benchmarks being pulled from both directions by competing factors in a volatile market.
Government closes in on deal with EDF to extend life of coal plant as it scrambles to secure supplies June 13, 2022 The government is set to finalise an agreement to keep a coal-fired power station that was set to close, as it looks to ensure supply security this winter.
ATOME appoints engineer to oversee Paraguayan green project June 13, 2022 London-listed Atome Energy (ATOME) has named AECOM as the owner's engineer for its 60 MW renewable project in Paraguay.
SSE warns Sunak against expanding windfall tax to electricity generators June 12, 2022 SSE chief executive Alistair Phillips-Davies has warned the Chancellor Rishi Sunak against extending the windfall tax to electricity generators.
New Chinese lockdowns and inflation drives down oil prices ahead of trading this week June 12, 2022 Oil prices dipped last week, after US consumer prices rose more than expected and China imposed more restrictions on millions of people.
Australia reaches settlement with French firm to ease ‘Aukus’ tensions June 12, 2022 Australia has reached a settlement with France's Naval Group, as compensation for scuppering a submarine contract with the country.
Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Energy body urges government to greenlight more gas projects to ensure supply security June 12, 2022 An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its approach as inconsistent.