National Wealth Fund commits £200 million to ABP port upgrades
The UK’s National Wealth Fund (NWF) has agreed to provide £200 million in financing to Associated British Ports (ABP) as part of a £300 million upgrade programme across its ports. Funds will support a further upgrade to the Port of Lowestoft to expand offshore wind operations and enhancement works at the Port of Ipswich to service the […]
BP hopes to offload North Sea assets dashed after Ithaca talks fail
BP and Ithaca Energy engaged in advanced discussions to sell BP’s remaining UK North Sea oil and gas assets in a deal valued at around £2 billion, but talks collapsed without agreement. The potential sale would… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Britain’s budget watchdog to model persistent inflation from energy shocks
The UK’s Office for Budget Responsibility (OBR) plans to incorporate persistent inflation caused by the 2022 energy shock and continuing fallout from the Middle East conflict into future economic forecasts. Economists expect the new methodology… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Interview with David Whitehouse, chief executive of Offshore Energies UK
The UK must stop treating the energy transition as a contest between rival technologies and recognise domestic oil and gas as a continuing pillar of energy security, according to David Whitehouse, chief executive of Offshore… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
UK energy policy is still having ‘the wrong debate’ – Offshore Energies UK
The UK must stop treating the energy transition as a contest between rival technologies and recognise domestic oil and gas as a continuing pillar of energy security, according to David Whitehouse, chief executive of Offshore… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
OVO Energy agrees £10.4 million redress over prepayment‑meter failures
OVO Energy will pay £10.4 million after UK energy regulator Ofgem found that the company failed to support some customers with prepayment meters. Ofgem’s investigation concluded that OVO’s practices did not adequately protect vulnerable customers… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]