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...

Crisis latest:  Windfall tax on oil majors, say Labour: Keep Net Zero measures & tax carbon,...

The ‘temporary’ energy price crisis of suspected No.10 party-attender and beleaguered premier Johnson has ground on into its fourth month, with an appeal from...

Turquoise is latest shade of ‘clean’ hydrogen, says HiiROC  

After blue, green, pink and grey, surging hydrogen’s expanding palette of colours welcomed another hue this morning, reflecting the gas' spectrum of ever-increasing varieties,...

‘Natural’ gas without climate warming? Brit pair partner in its promotion

Two technology pioneers in clean synthetic gas allied today in pursuit of perfecting, then selling hydrogen and other intermediate low-carbon fuels fabricated from waste. EQTEC...

Celtic seas: Sturgeon opposes Cambo, as its minority owner Shell snaps up Irish floating...

After months of equivocation, Scotland’s First Minister this week confirmed her opposition to drilling the vast Cambo oil field, but stressed the final decision...

Crisis latest:  Wholesale gas & electricity prices trend upwards, as Social Energy Supply &...

Pressure on wholesale gas and electricity prices intensified this week, as two more exiting licensees brought this year's toll of failed UK power suppliers...

Shell moves single HQ to London, drops ‘Royal Dutch’

Fossil fuel supermajor Shell today announced proposals for its slimmed down structure, including a single headquarters and tax residence in Britain. Subject to approval sought...

Britain “has 40 fossil fuel projects awaiting planners’ approval before 2025”

The UK has a pipeline of at least 40 major projects in oil, gas or coal extraction and refining awaiting planning consent, environmental analysts...

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...

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...

Shell bows to court pressure, pledges to halve own emissions by 2030

Royal Dutch Shell today commits itself to halving by 2030 direct carbon emissions from the extraction and refining operations it directly controls.  The announcement, timed...

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...