‘Resource nationalism’ is here to stay argues EV Metals boss May 30, 2022 "Resource nationalism" is here to stay following Russia's invasion of Ukraine, argued EV Metals Group chief executive Michael Naylor.
Millions of UK households could face blackouts this winter due to war in Ukraine May 30, 2022 Millions of UK households could face blackouts this winter due to global shortages of natural gas caused by Russia’s war in Ukraine, the UK government has warned. As many as six million British households could be subjected to blackouts, if Russia makes further efforts to cut off the EU’s gas supplies, according to a Whitehall [...]
Shell warns of investment ‘uncertainty’ amid projections of record North Sea tax revenues May 29, 2022 Shell has toughened its stance on the government's announced levy on North Sea oil and gas operators, warning the new tax will create "uncertainty."
EU prepared to water down oil ban to secure agreement ahead of summit May 29, 2022 The EU is edging towards a watered down package of sanctions on Russia after weeks of talks with holdout country Hungary.
Ukraine puts pressure on Germany to limit Russian gas through Nord Stream 1 pipeline May 29, 2022 Germany is under pressure to reduce its consumption from the Nord Stream 1 pipeline, as Ukraine looks to fund its war efforts through transit fees.
Electric blankets saved customers £300 on their energy bills, says Octopus Energy May 29, 2022 Customers using electric blankets have cut their energy bills by nearly a fifth this year, revealed Octopus Energy.
Iran seizes Greek oil tankers in escalation of Tehran’s spat with Western powers May 28, 2022 Iran’s Revolutionary Guards have seized two Greek oil tankers, after the Iranian government said it would take “punitive action” against Greece over its seizure of an Iranian oil cargo last month. Iran’s Islamic Revolutionary Guard Corp (IRGC) said it had seized two Greek tankers sailing in international waters off the coast of Iran. The seizures [...]
BP could reconsider UK investment plans after being hit with windfall tax May 27, 2022 Energy giant BP has revealed it will have to "look at the impact" of the government's new levy on its £18bn UK investment plans.
Shell upholds pledge to invest in UK energy sector after Sunak unveils £5bn windfall tax May 26, 2022 Shell has reaffirmed its commitment to ramp up investment in the UK's energy sector despite the unveiling of a hefty new windfall tax.
Winter of discontent: Price cap to peak at over £2,800 next January May 26, 2022 Cornwall Insight has warned the price cap could rise to over £2,800 per year in January if the mechanism moves to a quarterly model.