Canadian oil giant Suncor Energy is assessing the ‘market interest’ for its stake in the Rosebank oil field, in the UK North Sea, reported Bloomberg. The firm owns a stake of 40% in the Equinor-operated Rosebank […]
Financial markets are poised for a bumpy ride in 2022 in the face of soaring inflationary pressure, rising interest rates and ongoing disruption to international supply chains caused by the Omicron variant of coronavirus, experts […]
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no political implications, while two big […]
Russia kept Europe’s energy markets on edge after Gazprom PJSC declined to book more pipeline capacity later this winter when freezing temperatures will buffer the region. While President Vladimir Putin has said his country is […]
Europe’s heading into winter facing an unprecedented energy squeeze, and politicians are trying to figure out how to stop their citizens freezing. If the shortages worsen, European governments could resort to curbing sales of natural […]
Winter blackouts are now a real possibility after a fire took out a key cable that ships electricity to the U.K. from France. Electricity is now so scarce in Britain that any more grid mishaps or unexpected […]
Europe’s energy ambitions are clear: to shift to a low-carbon future by remaking its power generating and distribution systems. But the present situation is an expensive mess. A global supply crunch for natural gas, bottlenecks […]
The U.K. generates 25% of energy from wind power but is now seeing energy price soaring by seven times in a year due to lack of wind. Halted operation of wind power plants in the […]
Design and engineering work has started on a groundbreaking 500,000 to 1 million tonnes per annum direct air capture (DAC) plant destined to be built in Scotland, UK. London-based Storegga — operator of the Acorn […]
BP announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tons […]
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