That’s Rough: Gas storage site still not open as winter crisis looms October 8, 2022 The UK's largest gas storage facility is unlikely to play a huge role in the UK's scramble for supply security this winter.
Insolvencies spike to highest level since 2009 as energy crisis sets in October 7, 2022 Total company insolvencies in the second quarter of 2022 hit their highest quarterly level since 2009 at 5,629, as firms struggle to stay afloat amid the energy crisis. According to new ONS data, although insolvencies decreased in 2020 thanks to government support packages, Creditors’ Voluntary Liquidations (CVLs) have hit a new high. CVLs are the [...]
Licensing round launched for new North Sea oil and gas projects October 7, 2022 The latest licensing round for oil and gas projects has been launched, paving the way for new developments in the North Sea.
Sweden confirms detonation caused ruptures across Nord Stream pipeline October 6, 2022 Sweden's investigation of the Nord Stream pipelines have bolstered suspicions of "gross sabotage" involving detonations.
It will (probably) be alright: National Grid says winter blackouts are ‘unlikely’ October 6, 2022 The UK should avoid blackouts this winter, according to the National Grid, with sufficient supplies available to meet Brits' energy needs.
Exclusive: Manufacturing sector lacks clear data for net zero drive October 6, 2022 A lack of shared reporting standards for carbon emissions across industry could jeopardise the UK’s net zero ambitions.
UK likely to avoid blackouts this winter with LNG boost, says National Grid October 6, 2022 The UK should have sufficient gas supplies to meet its energy needs this winter, revealed the National Grid, despite fears over blackouts.
UK net zero ambition needs “huge engagement” from SMEs October 6, 2022 Small businesses are keen to play their part in the UK’s journey to reach net zero by 2050 but decarbonising is complicated and expensive. It will be impossible to reach the UK’s net zero by 2050 goal without “huge engagement” from the UK’s 5.7 million Small to Medium Enterprises (SMEs), says Chris Hocknell, director of Eight Versa, [...]
Household support package could cost £140bn, warns Cornwall Insight October 5, 2022 The Government’s support package to ease soaring household energy bills could climb as high as £140bn, warned Cornwall Insight.
OPEC+ finalises heavy oil output cuts in bid to boost sliding prices October 5, 2022 The world's most influential oil cartel, OPEC+, has agreed to its deepest cuts in production since the pandemic.