Nearly half of UK offshore wind capacity owned by foreign governments
Nearly half of UK offshore wind capacity is controlled by state-owned or majority state-owned foreign entities, according to a new report.
UK
Chancellor Kwasi Kwarteng to go for ‘cycle of growth’ in UK mini budget
Kwasi Kwarteng will pledge to "turn the vicious cycle of stagnation into a virtuous cycle of growth" as he sets out the UK Government's mini-budget on Friday.
Igho Sanomi of Taleveras Group Receives Forbes Philanthropy award in New York
Nigerian energy magnate Igho Charles Sanomi II has been named this year's Forbes Best of Africa Leading Philanthropist in recognition of his activities in child health and education, cancer research and community development.
Turbulence at helicopter firm CHC amid management shakeup
An abrupt management shakeup at CHC has raised questions over turbulence at the North Sea helicopter operator.
Current pipeline of UK blue hydrogen projects expected to top 2030 targets
New analysis from Westwood Global has shone a light on the rapid expansion of blue hydrogen on both sides of the North Sea.
Dozens of applications for Norway oil and gas licensing round
Dozens of companies have applied for acreage in the latest oil and gas exploration round in Norway, though it is the lowest figure in recent years.
North Sea is world’s ‘highest risk’ area for oil and gas legal disputes
Experts have said the UK North Sea is the “highest risk” location in the world for legal disputes to erupt in the oil and gas sector.
Liz Truss to make announcement on dozens of new North Sea licences: report
Liz Truss is to unveil a new swathe of North Sea licences, according to a news report, in an effort to boost domestic oil and gas production.
Wood to create 300 new UK jobs amid North Sea push
Energy services giant Wood is expecting to create around 300 new jobs thanks to a surge in activity in the UK North Sea.
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.
Cost of UK winter triples as energy price cap leaps
UK households will pay almost triple the price to heat their homes this winter compared with a year ago, a jarring increase for millions of people already struggling to afford everyday essentials.
UK had early warning but still faces industry crisis over energy
UK ministers were warned that energy-intensive industries were at risk of work slowdowns and site closures due to soaring energy prices even before Russia’s invasion of Ukraine exacerbated the crisis.
Floating forecasts: Key questions on the skills challenge for floating wind
Floating offshore wind (FOW) is the new great hope, the next big breakthrough, in renewable energy. It is a huge worldwide growth area with transformative potential for our people, our communities, and our national wealth and wellbeing.
Poorer nations face unrest as wealthy countries snap up fuel
Russia’s war in Ukraine has Europe bracing for a tough winter, but the costs are piling up higher in emerging nations as governments struggle to keep energy flowing to citizens hit by surging inflation.
UK inflation hits double digits for the first time in 40 years
UK inflation rose more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England.
Neptune Energy sees windfall tax threatening investment
Neptune Energy CEO Pete Jones has warned that the UK’s windfall tax on oil and gas profits will threaten long-term investment in the sector, but have limited impact on the firm itself.
‘Thousands’ to stage week of protests against Shell Jackdaw field
Activists have said “thousands of people” will take part in a planned week of protests this month against development of the Shell (LON:Shell) Jackdaw project in the North Sea.
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Baker Hughes: Strikes still going ahead at Montrose despite new deal
Strikes are still on the cards at Montrose despite Baker Hughes (NASDAQ: BKR) making a new deal for workers.
Gallery: ‘End of an era’ as Foinaven FPSO arrives at Hunterston from BP oilfield
The former production ship for a BP (LON:BP) oilfield in the West of Shetland has arrived at Hunterston for partial decommissioning.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Ambassador eyes offshore wind team-ups between UK and Norway
Just as oil and gas has borne decades of partnerships between the UK and Norway, Britain's ambassador wants to see similar team-ups as offshore wind booms.
UK supply chain poised for lion’s share of carbon capture benefits
Some miles off the coasts of England, Ireland and Scotland, deep under the sea, lie rock formations which could be capable of holding up to 78 billion tonnes of CO2.
UK well slot: Orlov awaits after Edinburgh dud
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Petrofac passes 20 years on Kittiwake with new EnQuest extension
Petrofac (LON: PFC) has landed a contract extension with EnQuest – taking it beyond 20 years as the duty holder on the Kittiwake asset in the North Sea.