Shell plans $1bn sale of North Sea gas fields February 15, 2022 Shell is preparing to offload its stakes in two clusters of gas fields in the North Sea for up to $1bn as it shifts away from the basin.
Gazprom to ramp up oil drilling to pre-Covid levels February 15, 2022 Gazprom Neft the oil arm of the Kremlin-backed fossil fuel giant, expects to restore oil drilling to pre-pandemic volumes this year.
Tory MP Nigel Adams pushed for biomass subsidies while receiving £62,000 in donations from industry February 15, 2022 It has been reported that one of the strongest biomass supporters in parliament, Nigel Adams MP, received more than £60k in donations from the industry while lobbying the government to provide biomass companies with subsidies. Adams reportedly accepted £62,411 in donations between 2012 and 2016, including more than £30,000 to attend a number of conferences [...]
Energy round up: Prices rise amid fears Russia will invade Ukraine February 14, 2022 Petrol, oil and gas prices have risen amid rising fears Russia could invade Ukraine and disrupt supply chains.
Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.
Good Energy repels Ecotricity in shareholder showdown February 11, 2022 Good Energy Group has fended off attempts from activist investor Ecotricity to oust its chairman and prevent the supplier from selling generation assets.
City of London energy bills among the cheapest in the capital February 11, 2022 Boiler Central suggest City of London residents have the third-cheapest energy bills in the capital, compared to the surrounding London boroughs.
Exclusive: The City’s hydrogen authority on Jeff Bezos’ first nuclear fusion plant in Britain February 11, 2022 Tower 42-based Gavin Watson, generally considered the City’s go-to lawyer for hydrogen projects, recently advised on the launch of a Jeff Bezos-backed, UK-first nuclear fusion plant, which uses hydrogen as an input. Given the growing investor interest in this gas and Boris Johnson’s claim that he intends for Britain to become the ‘Qatar of hydrogen’, time [...]
Fracking hell: Cuadrilla ordered to close down shale sites February 10, 2022 Authorities have snuffed out any hope of reviving the UK’s fracking industry, ordering Cuadrilla to plug and abandon the country’s only two horizontal shale wells at its site in Lancashire. The Oil and Gas Authority (OGA) originally called for the wells to be shut last summer, and has set a deadline of June for work [...]
Households under pressure to cut down energy use under new smart meter plans February 10, 2022 Millions of British households could face growing pressure to ration their energy after three of the UK’s largest energy suppliers declared their support for a radical overhaul of energy pricing. Scottish Power, EDF and Octopus Energy told The Telegraph they support radical new tariffs under which customers will be charged more for using energy during [...]