Other News

Oil majors bid for Brazilian blocks

Oil majors bid for Brazilian blocks

Executives from the biggest firms in the oil industry are to gather in Rio de Janeiro on Thursday to bid on Brazil’s pre-salt oil play – some of the most attractive offshore geology as company’s appetite for expensive projects has been enhanced by rising oil prices. A record number of […]

Saudi Arabia streamlines Aramco

Saudi Arabia streamlines Aramco

Saudi Aramco’s non-oil businesses are being restructured into subsidiaries as the company aims to become more efficient in order to achieve a higher valuation ahead of its upcoming initial public offering (IPO). Six months ago, a new subsidiary was formed within Saudi Aramco to overlook its multi-billion US dollar pension […]

Gas shortages spark concerns over coal phase out

Gas shortages spark concerns over coal phase out

Europe has set its ambitions to use more gas in its energy mix in place of coal, however it is too expensive making it unprofitable to generate electricity. Following the coldest winter in six years, gas stores in the UK were at their lowest level since 2012 with restrained pipeline […]

SSE to increase over 2 million energy bills by £76 per year

SSE to increase over 2 million energy bills by £76 per year

Over two million SSE customers will see a hike in their electricity and gas bills as the Big Six firm announce an average increase of 6.7% in its bills, which equates to £76 per year for the typical dual fuel consumer. “Sustained increases in wholesale and policy costs” were to […]

Talos Energy target first Zama oil in 2022

Talos Energy target first Zama oil in 2022

Talos Energy is aiming for first oil from its 1 billion barrel Zama oil discovery off the coast of Mexico in 2022. The company based in Houston plans to begin appraising the site in the final quarter of this year, with final investment decisions to be made in the fourth […]

US energy boom strengthens national security position

US energy boom strengthens national security position

The production of domestic oil and gas in the US provides the country and its allies with extra security over potentially hostile countries, such as Russia, energy analysts have told a House Foreign Affairs committee. Kenneth Medlock, senior director of the Centre for Energy Studies at Rice University, said the […]

Taxpayers to pay £15bn for Anglesey nuclear plant

Taxpayers to pay £15bn for Anglesey nuclear plant

UK taxpayers are set to pay £15 billion for a nuclear power plant in north Wales as the government remains determined to fund nuclear projects, despite the issues it has faced with Hinkley Point in Somerset. A deal with Hitachi, a Japanese developer, is to be announced by ministers next […]

Cambridgeshire wind turbine catches fire in thunderstorm

Cambridgeshire wind turbine catches fire in thunderstorm

An 89m wind turbine caught fire during recent thunderstorms in Cambridgeshire, raising questions over the reliability of the renewables sector. The fire service that was called out at around 7.50am said parts of the turbine had fallen off and debris had been scattered around the area. A nearby resident said: […]