Key UK-France power cable back at full capacity after 2021 fire
A key power cable linking Britain and France has been used at full capacity for the first time since a fire shut it down in 2021.
UK
Nigeria’s $11 billion lawsuit threatens Africa’s biggest economy
If Nigeria loses in London, the incoming president will have to make the crucial decision of whether to re-enter settlement talks with P&ID, or continue claiming fraud.
Cold snap forces UK to fire up three coal plants
Three UK coal plants have been ordered to begin warming up in case they are needed for the country's energy supply as the cold snap bites.
Friends of the Earth lose appeal on Mozambique LNG
FoE has said the Mozambique LNG project may produce 4.5 billion tonnes of greenhouse gases. It complained the UK government had failed to evaluate or calculate these.
Capricorn preps for Palliser vote, “genuine risk” of board removal
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
Transocean unveils UK deals as part of $488m awards
Transocean (NYSE: RIG) has unveiled a pair of UK North Sea contract wins as part of a clutch of global awards worth $488m.
UK won’t hit net zero by 2050 on current course: DNV
The UK is going through a transition that will transform today’s energy system, writes DNV's Hari Vamadevan, but not sufficient to meet its 2050 Net Zero emissions commitments
Gazprom pays itself £28.7m dividend from UK North Sea business
Gazprom has stakes in five licences in the UK North Sea.
Refilling UK gas stores in 2023 will be a tough ask, says top academic
European oil and gas shortages could be on course to worsen next year when sanctions against Russia properly manifest themselves.
New Shell CEO was ‘strong supporter’ of UK investment while Upstream chief, says North Sea boss
Simon Roddy of Shell says incoming CEO Wael Sawan has already given support to new North Sea projects like Penguins, Pierce and Jackdaw.
UK lagging behind Europe in slashing demand for gas
Countries on the continent, such as Germany, are leading the way in slashing their demand for gas, according to a new report.
UK approves first coal mine in 30 years
Levelling-Up Secretary Michael Gove has provoked anger from environmental campaigners by approving a new coal mine in the UK.
UK court rakes over government support for Mozambique LNG
The Court of Appeal will today hear a legal challenge over the Mozambique LNG project, from Friends of the Earth (FoE).
Shell Penguins FPSO sets off for North Sea – via Haugesund
The Shell (LON: SHEL) Penguins FPSO has set off for its UK North Sea destination – but will first stop off at a yard in Norway.
A fifth of North Sea production accounts for half of basin emissions, S&P finds
Most of the oil and gas produced in the North Sea is well below the basin's average for emissions intensity, fresh research has found.
North Sea faces rig market risk as vessels leave for better prospects
Rigs are leaving the North Sea for better prospects elsewhere, leaving a risk to availability as oil and gas projects are expected to ramp up in 2024.
Hibiscus financials bolstered by high oil prices
Malaysia-based Hibiscus Petroleum today reported that relatively strong oil and gas prices have contributed positively to the profitability levels in all the group’s producing assets in Malaysia and the UK.
Vietnam nears $11bn deal to shift economy from coal
Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least $11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
Market says go for LNG, climate NGOs says stop
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
Jeremy Cresswell: Strange times for humankind
As humankind drives relentlessly towards climate catastrophe, just a few days ago the International Energy Agency offered a crumb of comfort regarding CO2 emissions.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
UK to ban services allowing shipments of oil from Russia
The UK is pressing ahead with legislation to prevent its services being used to allow shipments of oil from Russia internationally.
Siemens Gamesa hires China yard for UK offshore wind project
Chinese yard Dajin Offshore Heavy Industry will supply wind towers for Ocean Winds’ Moray West offshore wind farm in Scotland after winning a subcontract from Siemens Gamesa.
CNOOC comments on potential sale of North Sea assets
One of the top bosses at China’s CNOOC has refused to rule out a sale of its North Sea assets amid mounting speculation on its UK portfolio.
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.