UK imports ‘record’ LNG amid growing reliance on US gas
US LNG is almost four-times more carbon-intensive than domestic UK gas production.
energy security
Fresh thinking and collaboration: energy transition and the supply chain
The UK’s net zero ‘target’ is more than aspirational – the Secretary of State is subject to a legal duty to ensure that the UK reaches net zero by 2050.
MPs voice opposition to Rosebank approval
Dozens of MPs have voiced opposition to approval of the Rosebank oilfield in a letter to the UK Government.
Shell exec downplays importance of new North Sea licences on energy security
A top economist at oil giant Shell (LON: SHEL) has cast doubt on the value of Westminster’s move to dish out scores of fresh exploration licences.
UK seeks to boost defences for potential infrastructure attacks
The UK government unveiled a fresh attempt to bolster security of critical energy infrastructure like gas pipelines.
BP signs 10 year deal to supply LNG to Europe
BP (LON: BP) has signed a long-term sale and purchase agreement with the Austrian firm OMV to supply 1 million tonnes of liquefied natural gas per year for the next decade.
Offshore wind champion tells industry to be ‘cognisant’ of security risks after Russian vessel sightings
Westminster’s Offshore Wind Champion has called for vigilance amid reports that critical infrastructure could be at risk of attack.
Irish Sea can play pivotal role in UK energy security and net zero
Energy Pathways, an independent working on the Marram gas field in the Irish Sea, talks about the region's importance for UK energy security and net zero.
Neptune Energy hails first gas from 11th well at Cygnus
Neptune Energy has hailed first gas from the 11th well at its flagship UK field, Cygnus, bolstering UK energy security.
UK must turbocharge offshore energy investment, says OEUK
Picture this: It’s 2050, the UK relies on other countries for all its oil and gas supplies. Our associated emissions have skyrocketed because of our reliance on higher carbon imported energy and LNG.
Russian vessel spotted touring Shetland oil fields
Orkney and Shetland MP Alistair Carmichael has raised concerns over a Russian tug vessel spotted near vital energy infrastructure around Shetland.
Shell CFO says shareholders focusing more on energy security
Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman.
UK annual energy imports bill crashes through £100bn threshold for first time ever
For the first time ever, the UK shelled out more than £100 billion on annual energy imports in 2022.
‘Definite’ rise in defence investors interested in energy following Russia’s Ukraine attack
An energy entrepreneur says there are “definitely” more defence investors interested in the sector following Russia’s invasion of Ukraine, launched a year ago today.
UK oil sector ‘engaged’ with government as Norway prepares for Russian spies
As Norway predicts Russian spies will target its energy sector, the UK oil and gas trade body said it is continuing with "regular engagements" with the UK government on any threats on this side of the North Sea.
Norweigan energy braces itself as Russian spy activity predicted
The Norweigan police agency has predicted an increase in Russian spy activity targeted at the country's energy sector.
Saudi Aramco says ESG investing threatens energy security
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security.
Oil and gas companies lodge over 100 bids in North Sea licensing round
More than 100 bids have been lodged for the UK’s 33rd offshore oil and gas licensing round, the industry regulator has confirmed.
Stephen Flynn hints Cambo oil field would help Scotland’s ‘energy security’
SNP Westminster chief Stephen Flynn claimed the Cambo oil field near Shetland should not be ruled out if it can successfully meet key climate change targets.
Energy security will still have ‘major impact on oil and gas’ in 2023
As we approach the first anniversary of Russia’s invasion of Ukraine, it is a further reminder that energy security will continue to have a major impact on oil and gas markets and how nations meet their energy requirements.
Outgoing OEUK chief Deirdre Michie on her time at the helm and ‘another extraordinary year’
As “another extraordinary year” in the energy sector comes to an end, outgoing chief executive of Offshore Energies UK (OEUK), Deirdre Michie, reflects on the last 12 months and her time at the helm of the trade body.
Grant Shapps: A look at the new business and energy secretary’s policy record
From energy rationing to onshore wind, the newly appointed business and energy secretary, Grant Shapps, has voiced opinions on a range of topics in the sector.
UK seeks 20-year gas deal with Norway to avoid winter blackouts
The UK is on the cusp of securing a natural gas contract with Norway for as long as 20 years in a bid to stave off the risk of winter blackouts, people familiar with the matter said.
Brian Wilson: Starmer’s Great British Energy proposal is sign of the times
A month is indeed a long time in politics. Since I last wrote here, we have a new Prime Minister, a crashing pound and an unprecedented scale of intervention in the energy markets in an effort to stave off the worst impacts of impending price rises.
Building the right ecosystem is key to future prosperity for the North Sea
Increasing political and social pressures regarding energy transition and security has once again thrust the North Sea into a period of significant transformation.