How affordable domestic gas can deliver UK energy security – Reabold Resources
By Sachin Oza, co chief executive officer at Reabold Resources. Back in 2000, the UK was an energy powerhouse. North Sea gas output was at its peak with North Sea oil and gas revenues increasing… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
China outlines five‑year plan to reach 50% non‑fossil power by 2030
Beijing’s latest five‑year power sector plan aims for half of China’s electricity to come from non‑fossil sources by 2030, up from about 42% now and a previous target of 42.3% for 2025. Wind and solar… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Equinor drops plan to electrify Wisting field from shore
Equinor and its partners have scrapped plans to power the Wisting oilfield with electricity from shore, citing high costs and technical complexity. Wisting, the largest undeveloped discovery on the Norwegian continental shelf with around 500 million barrels of oil, will instead be developed with a floating production, storage and offloading (FPSO) vessel using a gas […]
OEUK urges Labour MPs to reset North Sea policy as pressure grows over imports
Offshore Energies UK has written to all 403 Labour MPs calling for an urgent shift towards “homegrown energy” and faster decisions on North Sea developments, including Rosebank and Jackdaw. The intervention seeks to turn mounting… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
UK grid operator spent £10 million to avert a summer power crunch
The UK’s National Energy System Operator (NESO) reportedly paid about £10 million to secure additional electricity during a heatwave, more than four times its usual daily procurement costs. The system operator cancelled a margin notice after agreeing to pay roughly £1,400 per megawatt‑hour for 1.7 GW of imported power, close to twenty times last June’s average […]
Iraq warns it might leave OPEC over production quotas
Iraqi officials said the country could consider leaving OPEC if it is not allowed to increase its oil production quota significantly. Iraq is OPEC’s second‑largest producer and one of its founding members; an exit would deal another blow to the cartel, which recently lost the United Arab Emirates. The threat reflects Baghdad’s frustration over lost […]