UK government awards £800 thousand grant to develop a new type of water turbine
The UK government has awarded $1 million (£802 thousand) to a US-led consortium to help develop a new type of water turbine.
UK governemnt
Most MPs believe collaboration with oil and gas is needed for energy transition
A survey, commissioned by OEUK and carried out by YouGov, found that nearly three-quarters of MPs believe the UK’s net zero goals can only be achieved through collaboration with the oil and gas sector.
Oil and gas sector still has vital role for UK
Picture this: It’s 2050, and the UK relies on other countries for all its oil and gas supplies.
Hunt announces review of energy price cap in April
Recently named Chancellor of the Exchequer, Jeremy Hunt, has announced that the government's energy price cap will be subject to review from April 2023.
OGUK says autumn ‘snapshot’ reinforces need for North Sea transition deal
Trade body Oil and Gas UK (OGUK) says its autumn “snapshot” reinforces the case for a North Sea transition deal to ensure the industry can “build back better” from Covid-19.
Energy trade body looks to influence new UK Gov with ‘must commit to’ manifesto
A new green energy manifesto released by a Scottish trade body has put a range of measures before the next UK Government in an effort to boost renewable energy development.
UK oil tanker still understood to be in Iranian waters
Legal proceedings against a British-flagged oil tanker held by Tehran since July have concluded, Iran's government spokesman has said, although he does not know when the vessel will leave.
UK government provides £750m in North Sea tax breaks
The UK Government is providing £750 million a year in tax breaks to North Sea oil and gas, despite a pledge five years ago to end fossil fuel subsidies, campaigners said. A further £414 million in public money is going into fossil fuel exploration overseas from Siberia in Russia to Brazil, India and Nigeria, a report by the Overseas Development Institute and Oil Change International said. The organisations accused the UK Government of providing a total of £1.2 billion in subsidies a year despite signing up to a pledge by G20 countries in 2009 to phase out fossil fuel subsidies. Since then, generous tax breaks have been provided to international energy giants to explore in riskier, deep-water fields in the North Sea, they said.
UK government calls for global climate deal
The UK government today called for a global climate deal.