UK energy price cap rises 4% as gas shock overwhelms VAT relief
August 27, 2026
A typical dual-fuel household on a standard variable tariff will face an annualised bill of £1,723 from October, £60 more than
LNG
Eni and BP target swift Denise West sanction as Egypt’s gas shortfall deepens
August 26, 2026
Eni and BP expect to decide within months whether to develop the Denise West discovery, targeting first gas in under two
Beetaloo first gas to test Australia’s shale ambitions
August 25, 2026
Tamboran expects to begin selling 40 terajoules of gas a day from Shenandoah South in September, with Beetaloo Energy targeting another
October price cap forecast to hit three-year high as gas shock erases VAT relief
August 19, 2026
Cornwall Insight expects the typical dual-fuel cap to rise 4% to £1,729 from October. The increase would more than offset the
UK moots strategic gas reserve as North Sea decline tests market-only model
August 18, 2026
Ministers are considering commercial support for existing gas infrastructure, a floating LNG terminal and a strategic storage reserve. No intervention has
BP takes full control of Trinidad’s 3.5 Tcf Calypso gas discovery
August 7, 2026
BP will acquire Woodside Energy’s 70% interest in Calypso, giving it complete ownership of the deepwater gas project. Trinidad’s government has
RWE accepts $1.22 billion settlement to abandon US offshore wind leases
August 7, 2026
RWE will relinquish three offshore wind leases near New York, California and Louisiana after concluding that they have no foreseeable route
Russia expands shadow LNG fleet ahead of EU import ban
August 5, 2026
At least eight second-hand LNG carriers have reportedly entered Russian service in six months, taking Moscow’s unofficial fleet to about 25
Shell sells Aphrodite gas stake to MOL for up to $720 million
July 31, 2026
Shell has agreed to sell its 35% interest in Cyprus’s Aphrodite gas field to MOL Group for up to $720m. The
Shell profit more than doubles as Middle East volatility powers $9.8 billion quarter
July 30, 2026
Shell’s Q2 adjusted earnings rose to $9.8bn, beating analyst expectations and more than doubling from a year earlier. Strong LNG and
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