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Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Hydrogen Project
UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station
The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.
Hydrogen Project
Hydrogen to Deliver More Than $8.7BN Annually to the UAE Economy – Report
Opportunities are driving multibillion-dollar investments individually and jointly, through bilateral agreements such as the strategic partnership between bp, A…
United Kingdom
UK Launches ‘First’ Injection of Hydrogen Into Gas-Fired Power Station
Hydrogen will be injected into Centrica’s peaking plant at Brigg, Lincolnshire.
United Kingdom
UK North Sea Firm Ithaca Energy Presses Ahead With London Listing
North Sea oil and gas producer Ithaca Energy said on Tuesday it was going ahead with its plans to list in London and was seeking admission of its ordinary to th…
Hydrogen Project
UAE and UK Can ‘Collaborate to Become Leaders in Hydrogen Market’
By 2050, hydrogen is estimated to deliver more than $8.7bn annually to UAE economy
United Kingdom
New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis
Sunak faces a set of unique challenges including a cost-of-living crisis and an energy crisis.
Offshore Wind Power
RUK Urges Sunak to Back Renewables as New Prime Minister
Trade group also calls for a rethink of recent Conservative policy that could 'undermine' investor confidence.
Nuclear Fusion
Tokamak Energy Achieves Triple Product With ST40 Spherical Tokamak
UK-based private fusion energy developer Tokamak Energy has announced that its ST40 spherical tokamak has achieved a triple product result of 6×1018 keV.s.m-3.…
Oil Field
UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields
Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lende…
Oil&Gas Drilling
Liz Truss Resigns, Becomes the Shortest Serving Prime Minister in History
New UK PM Liz Truss, the former oil economist for Shell, tendered her resignation on Thursday, just days after putting forward a budget that wreaked havoc in th…
Hydrogen Production
High Gas Prices Spur Green Hydrogen Investment -Report
Soaring natural gas prices have made hydrogen produced from fossil fuels increasingly uneconomic and spurred more than $70 billion of new investment in hydrogen…
Energy Transition
BlackRock Tells UK ‘No’ to Halting Investment in Coal, Oil and Gas
BlackRock, the world's biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was…
Tidal Energy
UK’s HydroWing Taps Tidal Energy Potential in Indonesia
UK-based tidal energy developer HydroWing has signed a Memorandum of Understanding (MoU) with state-owned company Indonesia Power to develop tidal energy projec…
United Kingdom
UK Energy Price Cap ‘Could Soon Be Scrapped’
Officials are considering scrapping the price cap when the UK government’s energy bill package ends in October 2024.
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