Another oil extractor plans North Sea rigs run on electricity spun from wind
Hydrocarbon extractor Neptune Energy has become the latest oil company to consider switching to clean electricity to run its offshore rigs and pumps.
Storage of...
Big gas users greet ESO’s extension to 23 December for DSR bids
Representatives of Britain’s heavy gas users in industries such as cement and glass have welcomed the gas grid operator’s decision to extend its deadline...
Electricity to power rigs in 3 N Sea oilfields? Fossil giants ponder how
Another citadel in hydrocarbons’ hegemony over the energy industry appeared to totter this morning, after oil and gas majors BP, Equinor and Ithaca unveiled...
BP’s profits soar to $ 8.2bn in third quarter
Oil and gas supermajor BP beat analysts’ predictions for the year’s third quarter, this morning announcing profits of £ 7.1 billion/ $ 8.2 billion,...
Chaos follows MPs’ fracking debate: Tory whips “resign” then “un-resign”, after Rees-Mogg seeks clearer...
A Parliamentary vote on a Labour ban on fracking ended in chaos last night, amid allegations of ministers physically pushing their own MPs into...
Regulator & watchdog react to British Gas’ suspension of prepaid meter contractor
Energy industry leaders and watchdogs reacted with repulsion today at a report that bailiffs hired by British Gas had rejoiced in breaking into at...
North Sea: Government’s 100 new licences to ‘drill, baby, drill’
Britain's oil and gas regulator this morning began delivering on the Truss administration’s enthusiasm for hydrocarbons, inviting interest towards its likely authorising of 100...
Green hydrogen to help spin 2.2GW turbines? RWE ponders CCUS for Pembroke
Seizing the gas after combustion at the 2.2GW plant, and introducing hydrogen as a clean fuel, are among possibilities to be assessed.
Scheduled for completion...
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 leapfrogs Shell’s profits, spurs renewed calls for heavier windfall tax
BP today outdid Shell by declaring a sanctions-boosted doubling of profits for 2022, up to £23 billion.
The figure is a new record for the...
Shell sued over dragging feet, sticking with fossil fuels
In what they claim is a first in British law, activist environmental lawyers Client Earth announced today they are suing oil leviathan Shell, accusing...
Offshore rigs hit by ‘biggest strike for a generation’, says Unite
Oil and gas extractors in the North Sea were today hit by a 48-hour strike by a claimed 1,300 offshore workers, in what its...
BP’s £4bn profits spur calls to tighten windfall tax on oilcos
Oil behemoth BP continues to profit from high energy prices, reporting this morning underlying earnings of £4 billion for the quarter to April. The...
Shell earns £7.6 billion in 2023’s first quarter
Oil & gas supermajor Shell exceeded market hopes, posting record profits of £7.6 billion for the first three months of the year, it told...
Grid sets new low carbon record in April
Britain’s transmission grid set a new low record for carbon intensity last month, tumbling to 33g/kWh on Monday 10 April.
80% of electricity in early...