Harbour Energy proposes carbon capture scheme to meet UK energy goals March 15, 2023 A proposed carbon capture, storage and transport project in the Humber region could help the UK meet its net zero goals, predicts Harbour.
Budget exclusive: Hunt weighs up price floor on windfall tax over fears key North Sea project could collapse March 14, 2023 The government is weighing up plans to bring in a windfall tax price floor amid fears Equinor could pull out of a key oil and gas field.
Big Six energy firms ‘asleep’ and should be worried, Yu Group chief warns after record profits March 14, 2023 The Big Six are “asleep” and should be worried about challengers scooping up their customers, argued the boss of Yu Group.
Aramco ramps up fossil fuel spending as oil and gas firms ease off green agenda March 14, 2023 Saudi Aramco shows no signs of pivoting to a greener future, and is targeting a further ramp up in oil and gas prices.
Utilita chief calls for ban on ‘archaic’ prepayment meters March 13, 2023 The government should scrap traditional prepayment meters and only allow suppliers to install smart options, says the Utilita boss.
Hunt pledges £20bn for carbon capture and nuclear ramp-up in clean energy push March 11, 2023 The government will commit billions of pounds to new energy projects at next week’s budget, in a bid to compete with rival markets.
EU energy chief tells companies not to sign new Russian LNG deals March 9, 2023 European Union countries and companies should not sign new contracts to buy Russian LNG - says the EU's energy chief.
Harbour Energy’s bumper profits wiped out by £1.3bn hit from windfall tax March 9, 2023 Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings from the new levy.
Oil industry pivots to low carbon projects to rake in US green subsidies March 7, 2023 The oil industry is positioning itself to take advantage of billions of dollars of US tax credits established through the US Inflation Reduction Act.
Exclusive: Labour’s Ed Miliband holds talks with North Sea industry boss as party ‘prepares for power’ March 7, 2023 Ed Miliband has held talks with David Whitehouse, the new chief executive of industry group Offshore Energies UK, City A.M. understands.