OEUK urges Sunak to use UK’s remaining gas and oil
Offshore Energies UK (OEUK) has underlined the need for fiscal and regulatory stability as Rishi Sunak prepares to enter Number 10.
Prime Minister
A quitter not a fighter: Liz Truss steps down as Prime Minister after only 44 days
Prime Minister Liz Truss has resigned as prime minister after facing an open revolt from her MPs, following a tumultuous 24 hours.
Jacob Rees-Mogg takes on the energy brief in Liz Truss’ reshuffle
Jacob Rees-Mogg has taken over the energy brief as part of the new prime minister Liz Truss’ cabinet reshuffle.
Energy sector trade bodies discuss new Prime Minister Liz Truss
With Liz Truss announced as the new leader of the conservative party, the energy sector will not be exempt from the shockwaves felt across the UK that come with a new PM.
Liz Truss wins Tory leadership contest to become prime minister
Liz Truss will be the UK’s new prime minister after beating Rishi Sunak to take over the Conservative party.
Next PM urged to shut down windfall tax ‘speculation’ as candidates visit north-east Scotland
The next Prime Minister has been urged to back the energy sector and shut down windfall tax "speculation" as Liz Truss and Rishi Sunak visit North-east Scotland today.
More than half of £50bn UK wind farm investment to go overseas
More than half of the estimated £50bn investment for the UK government’s offshore wind plan is expected to go to overseas companies.
‘It sounds a bit scary, but it is exactly what we need’: Scottish Power chief on UK offshore wind target
The chief executive of Scottish Power has hailed the UK Government’s ambitious offshore wind plans, but raised concerns around the country’s ability to achieve them.
Prime Minister backs Aberdeen subsea engineering hub
Theresa May will today announce UK Government backing for a multi-million-pound Aberdeen underwater engineering hub to help the oil industry diversify into green energy.
Former PM Gordon Brown weighs in on BiFab contracts row
Former British Prime Minister Gordon Brown weighed in on the BiFab contracts row yesterday, writing a personal letter to the director of the Belgian company who could decide the Scottish firm’s fate.
Trump solar tariff prompts warning from Indian PM Modi
Indian prime minister Narendra Modi has said the recent wave of trade protectionism, in which governments raise barriers to free trade between nations, is “worrisome”.
Businesses retaliate in response to May’s energy price promise
Theresa May faced a backlash from business leaders after announcing plans to put a price cap on “rip-off” bills.
Energy price cap will force Big Six to ‘start competing on their own merits’, says green energy boss
Theresa May’s new proposed limit on utility costs will force the industry’s big energy giants to justify ‘charging extortionate rates’, believes Bulb co-founder Hayden Wood.
Gazprom exec named as Armenian PM
A Gazprom executive has been named as the new Prime Minister of Armenia a week after the resignation of his predecessor.
ONS: Industry has to do bulk of recovery work, says Norwegian Prime Minster Erna Solberg
The industry has to do the bulk of the work to dig its way to recovery, Prime Minister of Norway today said.
WWF ‘ still waiting’ for David Cameron’s cleaner, greener government
A decade after David Cameron posed with huskies in the Arctic to show his green credentials, environmentalists say they are still waiting for “cleaner, greener” government.
PM claims full fiscal devolution would have caused “financial calamity” for Scotland
Prime Minister David Cameron has claimed Scotland would have been weeks away from a "financial calamity" if full fiscal devolution had been given to the country. Cameron said new funding arrangements for Scotland needed to be completed in a "fair and reasonable way" after the SNP asked why the UK Treasury was proposing plans that may cost Scotland £3billion.
Secret files reveal Thatcher agreed to major review of energy during 1980s oil downturn
Margaret Thatcher agreed to a major review of energy policy at the height of the 1980s oil downturn after being warned of "daunting uncertainties" in the field, previously secret records reveal. Number 10 adviser John Wybrew told the then prime minister the review should consider how much government support should be provided to see the industry through the collapse. In a memo from July 1986, released by the National Archives today, he argues any attempt to formulate a "definitive master plan" would do "more harm than good".
Modi seeks to curb gas subsidies to contain India budget gap
India will offer cooking gas subsidies only to citizens with taxable incomes of less than 1 million rupees ($15,000) a year, part of Prime Minister Narendra Modi’s plan to sustainably curb Asia’s widest budget deficit. The more than 163 million consumers can voluntarily declare their eligibility starting Jan. 1, the Oil Ministry said in a statement on Monday. It didn’t announce steps to enforce the decision.
Cameron in No10 talks to seal trade deals with China
David Cameron will host talks with Xi Jinping at Downing Street as he seeks to cement multi-billion trade deals during the Chinese president’s four-day state visit to the UK. Investment by Beijing in Britain’s first UK nuclear power plant in a generation is expected to be confirmed as part of what the Government hopes will amount altogether to £30 billion of agreements. But the lavish welcome given to the president was attacked as a “national humiliation” by a former close adviser to the Prime Minister, who is under pressure to raise concerns about human rights and “dumped” cheap steel blamed for the loss of thousands of British jobs.