Markets roll over as Putin lays down the gauntlet: ‘Ball is now firmly in NATO’s court’ February 22, 2022 Reports of a possible summit between US President Biden, and Russian President Vladimir Putin saw European markets get off to a decent start to the week initially. Unfortunately, the early optimism didn’t last, and the France inspired initiative soon went the way of every previous initiative in trying to understand exactly what it is Russia [...]
Think tanks call for government to ensure secure gas supplies as market crisis deepens March 16, 2022 Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukraine and spiking wholesale costs.
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]
Key Yamal-Europe pipeline flows towards Russia again February 27, 2022 Russia’s Yamal-Europe gas pipeline is flowing eastwards away from Europe yet again, after short intermittent westbound flows according to data from German network operator Gascade. It had shipped gas in normal mode – westbound, from Poland to Germany – for around 10 hours overnight, mostly at a scale of 12.6 million kWh/h. According to renominations, [...]
Gas prices soar amid supply shortage fears as Russia-Ukraine tensions escalate January 24, 2022 Analysts warned last night that escalating tensions over Russia's seemingly inevitable invasion of Ukraine would hit European gas supplies.
Ineos chief Sir Jim Ratcliffe urges Kwasi Kwarteng to approve fracking test site April 11, 2022 Billionaire industrialist Sir Jim Ratcliffe has asked Business Secretary Kwasi Kwarteng for permission to drill a shale test site.
IOG delivers first gas in new North Sea project March 15, 2022 A new gas field under the North Sea off the coast of East Anglia has produced its "first gas" this week according to IOG.
Boris Johnson urges post-Brexit negotiators in India to ‘get it done’ despite Modi’s looser ambitions for trade deal April 22, 2022 Prime Minister Boris Johnson has urged post-Brexit trade deal negotiators working with India to “get it done” this autumn, despite much looser ambitions on the side of his Indian counterpart Narendra Modi. After holding talks in New Delhi on Friday, Modi called for an “immediate ceasefire” in Ukraine but stopped short of criticising Russia’s actions [...]
Cabinet row over wind farms as 90 per cent of Brits say they’d live near a turbine March 28, 2022 A cabinet row about offshore wind threatens to destabilise the UK’s energy policy, as a new poll suggests 90 per cent of Brits would be happy to live near a wind turbine. Two ministers clashed over the approval of wind farms off the Suffolk coast, which would generate enough energy to power 1.2 million homes. [...]