Award of 27 oil and gas licences ‘boost for UK energy security’ October 29, 2023 An offshore energy trade body has welcomed the announcement of 27 new oil and gas licences as a “boost for UK energy security”. Announcing the licences, the North Sea Transition Authority (NSTA) said they have been awarded in areas prioritised because they have the potential to go into production more quickly than others. It said [...]
Ofwat: Thames Water has ‘significant issues to address’ as industry pays £1.4bn to shareholders October 26, 2023 Water regulator Ofwat has named the four worst performing water companies, with troubled Thames Water among those being urged to address big holes in their finances. Ofwat, which oversees the water sector in England and Wales, said Thames Water, Southern Water, SES Water and South East Water need to deliver a turnaround in their financial [...]
Shell’s new boss Wael Sawan to cut 200 jobs in overhaul of low carbon unit October 25, 2023 Shell said the decision forms part of its “drive to create more value with less emissions through a focus on performance, discipline and simplification”.
Just Stop Oil vandalise London’s Grade I listed Wellington Arch with orange paint October 25, 2023 Police were made aware of Just Stop Oil protestors spraying paint on Wellington Arch today at 10:19am.
Britons dump working from home as soaring energy bills chase workers back into the office October 24, 2023 Recent research reveals that the cost of living crisis and soaring energy bills are pushing workers back to the office.
Chevron to buy Hess Corp for $53bn as it expands in oil-rich Guyana October 23, 2023 The deal puts two of the top oil giants, Chevron and Exxon Mobil, head-to-head in two of the world's fastest growing oil basins - shale and Guyana.
Europe leads hydrogen race, with UK and US scrambling to catch up October 23, 2023 Europe will be the runaway leader for green hydrogen projects over the next five years, with the UK and US still playing catch-up.
Global uncertainty strengthens case for UK oil and gas, says industry boss October 23, 2023 Emerging geopolitical challenges are strengthening the case for domestic oil and gas production, argued the chief executive of OEUK.
How Ofgem can restore trust in the energy market October 23, 2023 Ofgem is still scrambling to revamp the energy market - Morning Wire has made some suggestions to ensure it is competitive and robust.
Ofgem boss reignites calls to reform energy price cap as winter looms October 19, 2023 Ofgem boss Jonathan Brearley has doubled down on his criticisms of the energy price cap, raising doubts over its future role in the market.