UK would miss climate change goal with oil extraction plans, report says
Extracting the 5.7 billion barrels of oil and gas in fields already operating would see the UK miss its climate change goals, a new report warns.
UK
European business ‘robust’ despite steep drop in profits for Taqa
Taqa’s North Sea operation remained “robust” in the first quarter of the year, despite the wider oil firm experiencing a heavy dip in profits.
Equinor aims to give ‘fresh lease of life’ to decommissioned gas giant
Equinor plans to breathe new life into a decommissioned gas field straddling the border between the UK and Norwegian sectors of the North Sea.
Marathon Oil profits plunge by half
Houston's Marathon Oil reported a $174 million net profit for the first quarter that fell about 50 percent from the first three months of 2018.
Orsted takes a hit from low UK wind speeds and gas prices
Warmer weather, slower UK wind speeds and a court case saw a drop in pre-tax profits for Danish wind developer Orsted.
Former Marathon Oil boss joins Cairn Energy board
A former vice president of Marathon Oil has joined the board of Scottish firm Cairn Energy.
Norwegian and UK North Sea markets gradually merging
The head of a Norwegian inspection, maintenance and repair group believes that the traditionally separate markets on either side of the North Sea are gradually merging.
ConocoPhillips doubles its Q1 profits from last year
ConocoPhillips more than doubled its first-quarter profits from a year ago with more than $1.8 billion in net income.
UK greenhouse gas emissions fall 3%
The UK's greenhouse gas emissions fell 3% in 2018 as pollution from the energy sector continued to fall, provisional Government figures show.
More small and newer energy suppliers delivering poor customer service, says Citizens Advice
Citizens Advice has called for tighter licensing rules for new energy companies after finding an increasing number are delivering poor customer service.
‘Obvious benefits’ to more North Sea acquisitions says Premier boss
Premier Oil’s chief executive said yesterday the firm was “running hot” as it posted its first set of profitable results since 2013.
Hitachi to halt work on UK nuclear project
Japanese conglomerate Hitachi Ltd. will halt work on a nuclear power project in the U.K. and take a one-time charge as negotiations with the British government over funding stalled, the Nikkei reported. Shares in Tokyo rallied the most in more than two years.
UK power market faces disaster scenario worse than Brexit
Away from Britain’s struggles with the European Union over Brexit, there’s another conflict with the bloc that threatens the nation’s electricity supply.
Ink dries on Reabold’s swoop for Rathlin shares
Upstream oil sector investor Reabold Resources has completed its £3 million acquisition of 37% of Rathlin Energy UK.
RWE’s Brexit war games show gas will keep flowing under no deal
German utility RWE AG expects that one way or another natural gas and electricity will continue to flow across the English channel even if Britain crashes out of the club with no deal in March.
UK stance on Arctic oil exploration at odds with climate pledge
The UK's support for oil and gas "exploitation" in the Arctic goes against Government climate change pledges, a new report has said.
UK firms told to keep doing business with Iran despite US sanctions
Britain will continue to expand trade relations with Iran despite Donald Trump's decision to re-impose sanctions on the state, Downing Street has said.
UK will ‘certainly’ stand up to US over Iran sanctions
The Government will "certainly" stand up to US President Donald Trump over his administration's sanctions on Iran, the minister of state for the Middle East has said.
EU urges businesses to keep trading with Iran
The European Union is encouraging enterprises to increase their business with Iran, as that country has been compliant with its nuclear-related commitments.
UK, EU to block US sanctions on Iran
The UK and EU partners will move to block Donald Trump's sanctions on Iran in order to preserve peace, they have announced.
UK consortium signs agreement with Iran to develop oil field
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
UK seventh most attractive country for renewables
The UK has climbed to the seventh most attractive country in the world for renewables, according to a new report.
Summer of LNG starts with a bang in UK as US plant ramps up
The start of spring has heralded the return of liquefied natural gas to the UK.
Gas market responds to grid’s plea for supply in UK
Natural gas markets have responded to a plea for fresh supplies in the U.K. after a blast of Arctic air lifted demand for heating and electricity.
Here’s why British utilities are worst in Europe
U.K.’s biggest utilities may look like real bargains compared with their European peers. So why aren’t investors piling in?