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...

Every Shell director faces ‘world first’ legal suit over environmental risk

Environmental lawyers Client Earth are suing all 13 directors and non-executive directors of Shell, alleging personal and corporate breach of UK company law in...

Shell ‘sorry’ for Russian trade, pumps country’s profits towards Ukrainian refugees

Oil supermajor Shell today announced its intention to exit petrol retailing in Russia and cease trading in the country’s oil and gas, as its...

Frack Britain back to the future, demands backbencher, as oil hits $130 a barrel

The Conservative leader of the hard-right Net Zero Group this morning announced a co-ordinated call for a revival of Britain’s fracking industry, in response...

UK sanctions chill Gazprom; loses LSE fund-raising rights, & customers look elsewhere

The British government has stripped Putin-dependent energy giant Gazprom of its right to raise funds on London’s globe-spanning capital markets.  Meanwhile its UK arm...

BP and Shell sever Putin ties, as Total retains them

Divestment by western fossil fuel majors from partnerships in Vladimir Putin's Russia stumbled onwards today, with observers questioning continuing involvement by TotalEnergies and Exxon. Shell,...

Schtum on prices, Centrica boss says UK gas supplies ‘unaffected’ by Putin’s Ukraine attack

British Gas’ eleven million consumers will face no interruption to gas supply after Vladimir Putin unleashed his duplicitous attack today on democratic Ukraine, Centrica’s...

New oil digs in North Sea ‘marginal’ in lowering UK consumer bills, say government...

New exploration licences granted by the government to boost declining North Sea oil production will have ‘at most a marginal effect’ in lowering bills...