Europe urged to ‘disconnect’ from Russian uranium in nuclear projects March 24, 2024 The UK is investing up to £26m to bring uranium conversion back to the UK.
Europe funds Russian war efforts as biggest buyer of Kremlin-backed fossil fuels June 13, 2022 Fossil fuels are filling the Kremlin's war chest and despite its sanctions, the EU remains its biggest buyer of energy supplies.
Oil sorted? OPEC gambles on demand revival to boost flagging prices July 10, 2023 OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
Total sells Canadian oil sands operation to Suncor Energy in £3.3bn deal April 27, 2023 Energy major Total Energies has accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for £3.3bn.
Zelensky’s visit: UK sanctions six Russian weapons makers and eight members of country’s ‘elite’ February 8, 2023 The UK government has sanctioned six Russian weapons makers and a further eight members of the country’s “elite” following Volodymyr Zelensky’s first visit to Britain since Russia’s invasion of Ukraine. Foreign secretary James Cleverly said the new sanctions work to undermine Putin’s “war machine” as he vowed to block Russia from accessing the frozen assets [...]
UK gas exports to Europe climb to six year highs ahead of winter December 6, 2022 Exports of natural gas from the UK to Europe have climbed to six-year highs, as the continent scrambles to boost supplies ahead of winter.
LNG fleets to overtake oil supertankers in global gold rush June 14, 2023 There will be more LNG ships than oil supertankers within the next five years, according to the latest findings from Global Data.
In Ukraine, the Middle East is starting to take sides and it could tip the scales October 12, 2022 Historically, the Gulf states have maintained a delicate balance in international conflicts outside of the Middle East and North Africa. This is a formula they adhered to when the Russia-Ukraine conflict broke out in February; keen to remain neutral, Saudi Arabia and the UAE were determined to be passive observers. But that may be changing. [...]
BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]