A firm founded by Rishi Sunak’s father-in-law signed a billion-dollar deal with BP two months before the prime minister opened hundreds of new licences for oil and gas extraction in the North Sea. In May, the Times of […]
Britain has given the go-ahead to develop the UK’s biggest untapped oilfield off Shetland, sparking outrage from environmental campaigners. The UK oil and gas regulator’s decision to grant the Oslo-listed Equinor and the British firm […]
The wind business, viewed by governments as key to meeting climate targets and boosting electricity supplies, is facing a dangerous market squall. After months of warnings about rising prices and logistical hiccups, developers and would-be buyers […]
The Hague, Netherlands — A fire on a cargo ship carrying more than 3,500 new vehicles was still burning Thursday in the North Sea a day after the Dutch coast guard said one crew member had […]
There are many reasons why Labour’s proposed ban on new North Sea oil and gas development, but one of the most powerful is the loss of potential tax revenue. According to the OBR, North […]
The increased windfall tax in the UK on oil and gas producers’ profits combined with the rise in capital costs for the development of what is seen as one of North Sea’s largest undeveloped oil […]
The UK government has announced new oil and gas tax changes, which it says are set to protect energy security and British jobs. In a statement posted on its website, the government noted that the […]
Labour has confirmed it will block all new domestic oil and gas developments if it wins power, proposing instead to invest heavily in renewable sources such as wind and also in nuclear power. The shadow […]
Germany has so far installed over 30,000 wind turbines, which is about 1 every 11 sq. km. Plans are calling for doubling or even tripling wind power capacity. But this may be detrimental as new […]
(Bloomberg) – Prime Minister Rishi Sunak said the UK will need fossil fuels for the “next few decades” as the UK moves to eliminate net greenhouse gas emissions, after being urged to oppose Equinor ASA’s […]
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