Green hydrogen to help spin 2.2GW turbines? RWE ponders CCUS for Pembroke

Generation leviathan RWE has asked specialists engineers Fluor to size up the opportunity of retrofitting carbon capture, use and storage (CCUS) equipment onto its...

Shell’s van Beurden sees “inevitable” heavier oilco taxes to protect poor

In an allusion to the windfall tax opposed almost uniquely among western Europe’s government leaders by former oil accountant Liz Truss, departing Shell chief...

Ofgem: Britain faces possible “gas supply emergency” over winter

Gas supplies to keep the UK’s lights on and homes heated face a ‘significant risk’ of running short this winter, the nation’s energy regulator...

Lancashire geology limits England’s fracking feasibility, say academics

Seismic experts at Edinburgh’s Heriot-Watt University confirmed today that rock configurations beneath Britain’s most advanced fracking project raise further questions over commercial feasibility of...

Fracking ban lifted, as D-BEIS confirms 100 new North Sea licences

The government this morning tore up a manifesto commitment, rescinding Britain’s 2019 moratorium on onshore fracking for gas, citing the need to increase national...

Van Beurden to step down as Shell boss, Sawan steps up

Ben van Beurden is to quit in December after nine years as CEO of Shell, the company told shareholders this morning. After 39 years with...

Blue H2’s pipeline puffs to 16GW across UK and Norway, analysts find

Hydrogen’s "blue" variety scrubbed from oil and gas commands a 90:10 capacity lead over its electrolysed, cleaner “green” variant, in the UK and Norway,...

BP profits top £7 bn for Q2, highest for fourteen years

Bernard Looney’s “cash machine” lived up to the BP CEO’s notorious characterisation this morning, as the fossil fuel super major posted its highest quarterly...

Pope backs worldwide call for ban on new pumping of fossil fuels

Pope Francis has given his backing for a global ban on new exploration of oil and gas resources. In the run up to CoP27 in...

Competition watchdog finds ‘cause for concern’ in refineries’ pricing

Cartel-busters at the government’s arms-length Competitions and Markets Authority have reported to D-BEIS their ‘cause for concern’ in the trading margins posted by Britain’s...

Equinor seeks Net Zero Hydrogen cash for Saltend H2H’s twin

Norwegian powerco Equinor this morning confirmed a bid application for its second blue hydrogen plant in England’s Humberside energy cluster.  Its target is 1.2GW...

Oil and gas authority seeks first CCUS bids for sub-sea sequestration

 The North Sea Transition Authority (NSTA) has this week fired the starting gun for the UK’s first-ever licensing round in offshore carbon storage. Thirteen zones...

For ‘windfall tax’, read ‘profits levy’: Sunak doubles fuel help, as £15bn package offers...

After weeks of denying he’d impose a windfall tax on North Sea oil and gas extractors, Chancellor Rishi Sunak today bowed to Ofgem’s fears...

Into the (light) blue again: Fen-based graphene firm to decarb UAE’s oily gas

A £700 million British clean-tech export deal has been announced to extract and store up to half a million tonnes of CO2e in the...

BP’s Q1 profits 50% up, despite £16 billion Rosneft hit

Fossil fuel supermajor BP has posted underlying Q1 profits of nearly £5 billion, up 50% year on year, despite taking a £16 billion loss...

French oil giant elects to Mac-ron more of carbon cutting goals

Influential shareholders in France’s biggest hydrocarbon extractor TotalEnergies have welcomed its decision to accept a timetable for stripping carbon from its activities. Before its AGM...

Humber Hub Blue:  Lincolnshire H2 plant for Shell and Uniper

Two fossil-legacy energy giants are to co-operate on a blue hydrogen plant at the Killingholme gas power station in Lincolnshire. Uniper, the hydrocarbons-based generation business...

Cambo revived, as Ithaca Energy pays £ 1.5 billion for owners Siccar Point

The controversial Cambo oil and gas field 75 kilometres west of the Shetlands re-emerged as a probable extraction operation today, as Ithaca Energy bought...

National Grid to pocket £4.2 bn in cash and financing, as its exit proceeds...

National Grid has found a buyer for Britain’s gas pipes and meters, as it continues its retreat from the energy source en route to...
LNG shipments drive down UK power prices

US to source 15 Bn cubic metres of LNG for EU this year, Biden...

Russian supplier Gazprom’s grip on European gas consumers weakened further this morning as US President Joe Biden confirmed to EU Commission head Ursula van...