IEA warns OPEC+ cuts risk supply deficit as it predicts record oil demand April 15, 2023 Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit, the International Energy Agency (IEA) said,
‘Mob-like tactics’: Peers urged to scrap plans allowing gas network to enter homes and switch boilers WITHOUT consent April 14, 2023 Campaigners are urging peers to scrap a proposed law allowing gas distribution networks to switch boilers to hydrogen without consent.
Slow pace on nuclear putting UK energy goals at risk, argues SMR player April 14, 2023 The UK should speed up its plans to revive nuclear power to ensure it can meet its energy security goals, argued SMR specialist Newcleo.
Teck rebuffs Glencore’s sweetened bid and tweaks own restructuring April 14, 2023 Copper miner Teck Resources has rejected a sweetened bid from Glencore and made changes to its own restructuring plan.
Total ‘underestimate business risks’: Activist investors to disrupt AGM over fossil fuel failures April 13, 2023 Total Energies “completely underestimates the business risks” of being over-reliant on fossil fuels warns Follow This.
Approving Rosebank oil and gas field ‘a huge mistake’, government told April 13, 2023 Climate groups have urged the government not to approve the Rosebank project, one of the largest undeveloped fields in the North Sea.
Ukraine’s Naftogaz says Russia told to pay $5bn for seizing Crimea assets April 13, 2023 Naftogaz revealed Moscow had been ordered by an arbitration court in The Hague to pay $5bn compensation for unlawfully expropriating assets.
‘Turning point’ in shift to clean power? Fossil fuel emissions from electricity due to have first EVER annual drop April 12, 2023 The world is on course for the first annual drop in the use of coal, oil and gas to generate electricity outside of a global recession or pandemic.
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Government risks higher wind power prices as industry slams lack of funds for auction round April 12, 2023 The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage in bidders.