Douglas Lumsden, the newly elected member of parliament for Aberdeen South, has written to energy secretary Miatta Fahnbulleh to press for the approval of the Rosebank oilfield. The MP has
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The United Kingdom government has established a two billion pound energy wealth fund designed to reinvest oil and gas revenues into the climate transition. Chancellor John Healey announced the new
Electricity network upgrades are expected to contribute £58 billion to the UK gross value added by 2035, while supporting the creation of 210,000 jobs across the country. This projection forms
The European Union has reaffirmed its opposition to new Arctic oil and gas development, a stance maintained even as the bloc prepares for a costly winter season. This decision comes
The United Kingdom is facing record high costs to maintain the stability of its electricity grid, a financial burden that persists even during periods of abundant domestic wind generation. The
More than 160 offshore rig workers are set to commence a 24-hour walkout on Wednesday, a move that the Unite union warns could severely disrupt fuel supplies across the United
British steelmakers face their most significant energy cost disadvantage against European competitors in three years, driven by a spike in global gas prices following the conflict involving the United States,
Research by the thinktank E3G indicates that insulating British homes and investing in heat pumps would reduce living costs, create employment and boost the economy more significantly than drilling for
Escalating shipping costs are compelling crude oil producers to reduce prices in order to secure buyers, as delivered costs exceed the thresholds acceptable to Asian refiners. The surge in freight
Global energy markets are adjusting to the prospect of sustained supply constraints, with crude oil futures prices remaining elevated as geopolitical conflict in the Middle East continues to disrupt trade
European consumers are set to face a difficult winter as energy prices continue to climb, with gas reserves falling to their lowest levels since 2022. The European Union has already
Bolivia is confronting a severe energy crisis driven by years of underinvestment in its natural gas sector and the escalating geopolitical tensions surrounding the war in Iran. The South American
EnergyPathways has announced it is accelerating the development of its low-carbon hydrogen and graphite production facility at Barrow-in-Furness in Cumbria. The company stated in a stock market update that it
Kistos has agreed to acquire a ten per cent interest in offshore Norwegian licences from Vår Energi for $12.9 million, equivalent to £9.72 million. The transaction involves the purchase of
A listed investment vehicle managed by Octopus Energy Group has agreed to purchase a solar farm under construction in Yorkshire for £34.6 million. The asset, known as the Barnsdale Solar
BW Energy has secured $208m in project-level lease financing for the Akoum wellhead platform planned for the Bourdon field offshore Gabon. The company simultaneously announced the signing of an 18-month