BP flags higher Q2 earnings as oil rally drives sharp debt reduction
BP expects higher oil and gas prices, stronger refining margins and another robust oil trading performance to lift Q2 earnings. Upstream production is forecast to fall by as much as 7% from Q1 because of… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
UK flexibility policy to address economics, not just technology
The government will seek powers to remove consumption levies that can make it cheaper to curtail renewable electricity than use it flexibly. Ministers will consider linking publicly supported heat pumps, batteries and solar systems to… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Shell greenlights Bahamas LNG terminal after years of delay
Shell has taken a final investment decision on a small-scale LNG import terminal at Clifton Pier and acquired 40% of project company New Providence Gas. The facility will give Shell a long-term outlet for its… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
OPEC cuts oil demand growth again, widening its split with IEA
OPEC has reduced its 2026 demand growth forecast by 190,000 bpd to 780,000 bpd. The IEA and US Energy Information Administration expect demand to fall by 1 million and 1.2 million bpd respectively. All three expect a rebound in 2027, suggesting the disagreement concerns the depth of wartime demand destruction rather than an agreed structural […]
Masdar closes $6.1bn financing for round-the-clock solar project
A Masdar-led solar and battery project in Abu Dhabi has reached financial close, securing $5.1bn in financing from thirteen banks. Masdar will contribute $1bn of equity, with the scheme targeting 1 GW of continuous power from 2027. Financial close proves appetite for the model, but undisclosed tariff and financing terms limit direct cost comparisons with […]
Community solar park shutdown exposes who bears Britain’s grid risk
Reports suggest Derril Water Solar Co-op could lose about £2mn during a summer-long curtailment. The 42MWp project has been operating for less than a year and is owned by more than 9,500 households and small businesses. The case exposes a mismatch between Britain’s renewable deployment targets and the compensation, visibility and reinforcement arrangements on local […]