Mubadala injects $325 million into Hornsea 3 offshore wind
The Gulf sovereign investor joins American and Danish partners in UK offshore wind. The 2.9 GW project is slated to power more than 3 million homes when it enters service. Investment underscores global capital appetite for UK renewables and the rising importance of data‑centre electricity demand. Abu Dhabi’s state‑owned Mubadala Investment Company has agreed to invest […]
New Energy Weekly – 8 May 2026
Why energy security is once again driving the agenda The week beginning 4 May 2026 marked an inflection point for the global energy transition. Across Europe and North America, policymakers, utilities and investors continued to pursue decarbonisation at pace. But increasingly, the transition is being reframed through a different lens: energy security, industrial resilience and […]
BP puts flagship UK carbon capture projects on the block amid wider strategic reset
BP plans to sell stakes in two of the UK’s flagship carbon capture and storage (CCS) projects: the Net Zero Teesside Power plant and the Northern Endurance Partnership (NEP) CO₂ transport and storage network. BP insists the sale is about bringing in new partners at the ‘right time’, but the decision also reflects a broader […]
Central banks hold rates but signal concern over energy-driven inflation
The European Central Bank and Bank of England have decided to hold interest rates, despite bearish economic sentiment. Both banks signal concerns over rising energy-driven inflation, suggesting a prolonged period of elevated borrowing costs. In a vicious circle, this could impact the financing of new energy infrastructure. Central banks across Europe are holding interest rates […]
UK economy faces slowdown as energy prices drive inflation
Rising energy costs are expected to slow UK economic growth, with inflation pressures linked to global energy markets. This highlights the country’s structural vulnerability to imported energy. It also reinforces the link between energy and economic policy. The UK economy is facing a potential slowdown as rising energy prices drive inflation and weigh on growth, […]
UK solar installations hit decade high as households respond to price shock
UK solar installations have reached their highest level in a decade, driven by rising energy bills and consumer demand. The milestone marks a shift toward a decentralised, consumer-led transition and underscores public concerns over rising energy costs and supply reliability. The trend also highlights the growing role of households in the energy system. Solar power […]
Oil surges above $120 as Middle East tensions escalate
Brent crude has briefly exceeded $120 per barrel, driven by fears of supply disruption in key transit routes. Markets are pricing in prolonged geopolitical risk. This reinforces volatility across global energy systems. Oil prices have surged to their highest levels in several years, as escalating tensions in the Middle East raise concerns over global supply […]
Bank of England warns energy-driven inflation surge is ‘unavoidable’
The Bank of England has held rates at 3.75%, with policymakers warning the ongoing energy shock will push inflation higher. Middle East tensions were cited as the key driver of macroeconomic trends. This signals prolonged pressure on borrowing costs and investment. The Bank of England has warned that a fresh surge in inflation driven by […]
Shell expands upstream strategy with $16bn acquisition of ARC Resources
Shell has agreed a $16bn deal to acquire ARC Resources, which will see the oil and gas major expanding its oil and gas production portfolio. The move signals continued confidence in the future of hydrocarbons. Inevitably, it also raises questions over the likely pace of the energy transition. Shell has agreed the $16.4bn acquisition of […]
BP profits surge as oil price spike boosts earnings
BP profits have more than doubled amid rising oil prices, with higher trading margins and volatility driving performance. The announcement is likely to reignite the debate over windfall taxes in the oil and gas sector. The surge in performance highlights the divergence between corporate profits and consumer costs. BP has reported a sharp increase in […]