Ex-BP boss says Labour is ‘ignoring’ UK’s energy needs Energy The new government’s decision to divest from North Sea oil and set up a state-owned renewable energy company is the “last thing” it should be doing, the former chief executive of BP has said. Bob Dudley, who ran the British petrochemical giant BP for ten years, told City AM that energy secretary Ed Miliband was [...]
Neo Energy slows down £900m North Sea project due to windfall tax Energy One of the North Sea’s largest oil and gas project has been plunged into uncertainty after its operator announced it was slowing down investment in light of “fiscal and regulatory uncertainty”. Neo Energy had planned to start work on the £900m Buchan project – expected to produce a peak of 35,000 barrels of oil a [...]
‘A complete fabrication’: Government denies claims Ed Miliband has banned new North Sea oil licences Energy The government has been forced to deny reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences.
UK exits ‘outdated’ international energy treaty after talks break down February 22, 2024 Energy Secretary Claire Coutinho said staying within the treaty could "jeopardise" the UK's clean energy sector