UK
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Companies licensed to drill in the North Sea will report their findings to regulators under new powers brought forward in an Energy Bill amendment.
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As the US bests Qatar and Australia for top LNG supplier, Europe is overtaking Asia as the top destination for US cargoes.
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The Energy Profits Levy will target profits made from a spike in oil and gas prices as energy demand is going up after pandemic lockdowns ended and the Russia/Ukraine conflict started.
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A study of a limited number of decommissioned oil and gas wells in England found no evidence of methane leaks, including four wells found to be leaking in an earlier study.
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The new areas are expected to make a significant contribution to the government’s target of capturing and storing 20 million–30 million tonnes of carbon dioxide per year.
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As Europe’s second-largest LNG hub after Spain, the UK promises to play a near-term role as an “energy bridge” to ease the EU’s dependence on Russian energy, given that the UK can ship regasified product directly to the continent via subsea pipeline.
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The London-listed supermajor says the latest project could help it deliver 30% of the UK's goal to reach 5 GW in hydrogen production capacity by 2030.
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Backed by Eni and BP, the two projects have been selected by the UK government to kick-start the country's effort to decarbonize industrial emissions.
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The three service operations vessels are committed under a long-term contract at the Dogger Bank wind farm offshore UK.
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The plan is designed to facilitate progress toward net-zero-emissions targets by focusing on the government’s 10-point plan for a green industrial revolution.