BP eyes Azerbaijan’s Babek gas field as Europe scrambles for supply
May 28, 2026
BP will take over operatorship of Azerbaijan’s Babek gas field, which contains about 400 billion cubic metres (Bcm) of gas and
Fossil Fuels
Energy deals highlight a two‑track transition: LNG, E&P and offshore wind
May 28, 2026
Cheniere Energy Partners signed an agreement with Bechtel to design and build Train 7 and related infrastructure for the first phase of
Hormuz shutdown cripples global shipping and fuels energy security fears
May 28, 2026
Shipping through the Strait of Hormuz has collapsed by about 88%, with daily transit of crude, fuel and LNG carriers down
Six EU countries resist planned cuts to free carbon permits
May 27, 2026
Eastern and southern EU countries are challenging reforms to the EU Emissions Trading System (ETS). Bulgaria, Czechia, Greece, Poland, Romania and
Ousted BP chair fights back amid governance storm
May 27, 2026
Former BP chairman Albert Manifold has hit back at the major, saying he was removed “without warning and without explanation” and
BP’s boardroom turmoil deepens: Albert Manifold ousted over governance and conduct concerns
May 26, 2026
BP has removed chairman Albert Manifold with immediate effect, citing serious concerns over governance standards and conduct. Manifold disputes BP’s version
Rachel Reeves strengthens windfall tax and targets energy profits
May 21, 2026
UK Chancellor Rachel Reeves has extended and increased the Energy Profits Levy on North Sea oil and gas producers, introducing a
Wind and solar overtake gas for the first time in global electricity generation
May 21, 2026
Wind and solar generated 22% of global electricity in April 2026, while gas‑fired power supplied 20%. This is the first recorded
OPEC+ to raise output quota by 188,000 bpd – but hike seen as mostly symbolic
May 21, 2026
OPEC+ leaders agreed to raise their collective output target for July by 188,000 barrels per day – the third consecutive monthly
OEUK calls emergency summit as Iran war reignites UK energy security debate
May 21, 2026
Offshore Energies UK has urged ministers to prioritise domestic energy production, including North Sea oil and gas alongside renewables, warning that
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