Wood assessment gives subsurface hydrogen a headline cost advantage
A Wood study commissioned by Eclipse Energy models hydrogen production from depleted oil reservoirs at as little as $0.56/kg. The process recorded hydrogen at 40% of the produced gas during a 2025 field trial, but has not demonstrated sustained commercial production. The claimed economics could reshape the value of mature North Sea assets, although reservoir […]
Electrification could cut fuel imports by $400 billion, but grid investment falling short
Electricity could cost-effectively supply 33% of global energy by 2035, compared with 23% today, according to the International Energy Agency. Faster electrification could reduce annual fuel import bills by more than $400 billion and sharply cut oil and gas demand. A parallel renewables assessment says the world must install about 1.2 TW annually through 2030, […]
US states sue over $1.4 billion offshore wind cancellation deals
Eight eastern states have challenged $1.418 billion of federal agreements cancelling offshore wind leases held by Bluepoint Wind and Invenergy. California has filed a separate case over a $111 million portion of the wider Invenergy… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
North Sea transition gap threatens UK industrial capability, taskforce warns
Oil and gas supports around 115,000 UK jobs, but the North Sea Transition Taskforce estimates 25,000 have disappeared since the 2024 general election. The taskforce says offshore wind, carbon capture and hydrogen are not scaling… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Government commits £90 million to heat networks as Thames project wins backing
More than 750,000 homes could benefit from £90 million for new heat networks and repairs to inefficient existing systems. The £41 million London Strategic Heat Main is designed eventually to serve up to 650,000 homes, but remains subject to planning and substantial private investment. The package marks a shift towards city-scale heat infrastructure, although it […]