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OPEC has warned the European Union sanctions on Russian fossil fuels could create one of the worst global oil supply shocks in history.
Shell has restarted shipments of liquefied natural gas (LNG) from Prelude, its massive floating plant off the coast of Western Australia.
Oil prices have plummeted four per cent on both major benchmarks, with prices below $100 per barrel again after last month's rallies.
UK firms have missed out on the chance to develop three 1GW offshore floating wind farms, with UAE-based Lamprell winning the bid.
European Union (EU) officials will hold talks with OPEC representatives today in Vienna, amid growing calls for the cartel to boost supplies.
Japan has demanded domestic power companies top up liquefied natural gas (LNG) reserves and share energy resources.
The supply security strategy failed to power optimism yesterday, with the energy industry warning it offered little to ease price concerns.
The boss of EON has blasted the government's energy security strategy for failing to include plans to protect the poorest households.
Energy analysts and industry bodies have criticised the government's failure to include onshore energy targets in its supply strategy.
Prime Minister Boris Johnson said this morning “nuclear is coming home” as a result of the Government’s energy strategy. In a social media video to promote the plan, which is finally being released on Thursday after repeated delays and Cabinet wrangling, the Prime Minister said: “In the country that was the first to split the [...]
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