Miliband approves three major offshore wind projects, adding 4 GW to UK fleet
UK energy secretary Ed Miliband has granted development consent for three offshore wind farms totalling up to 4 gigawatts of capacity: Dogger Bank South East (1.5 GW), Dogger Bank South West (1.5 GW) and North Falls (up to 1 GW). Industry body RenewableUK says the projects will provide power for over four million homes and draw billions of pounds of private investment, while […]
Oil markets rally on combative rhetoric as Hormuz remains tense
Brent crude futures climbed by 2.4% to $108.22 per barrel after US President Donald Trump said he was running out of patience with Iran and that Tehran must reopen the Strait of Hormuz. Iran’s foreign minister Abbas Araqchi responded that Iran is prepared to resume fighting but is willing to negotiate if the US is serious. […]
Caturus advances Louisiana LNG megaproject with offtake deals
US developer Caturus has finalised long‑term sale and purchase agreements for offtake from the planned Commonwealth LNG export terminal. With commercialisation completed, Caturus will begin financing and aims to take a final investment decision (FID) within weeks. The Phase 1 development in Cameron Parish, Louisiana, is a $12.5 billion project. It will produce 9.5 million tonnes of LNG […]
BP weighs sale of Egyptian gas assets as new CEO retools portfolio
BP is considering selling some natural gas assets in Egypt as part of CEO Meg O’Neill’s overhaul to cut debt and focus on higher‑return projects. No final decisions have been made. Over six decades the company has invested more than $35 billion in Egypt, producing about 60% of the country’s natural gas through joint ventures in the […]
UAE fast‑tracks pipeline to bypass Hormuz and double exports
Abu Dhabi’s crown prince ordered state company ADNOC to accelerate construction of a West-East pipeline, doubling the UAE’s oil export capacity via Fujairah by 2027 and allowing crude to bypass the Strait of Hormuz. Tehran’s Revolutionary Guard has expanded its claimed control zone in the strait, publishing maps showing jurisdiction over much of the UAE’s […]