UK Says it Spent Nearly 40 Billion Pounds on Power Subsidies
An additional 12 billion pounds was paid under the Energy Bills Support Scheme, which helps homes with energy bills over the winter months.
Bloom and Perenco Sign Solid Oxide Fuel Cell Storage Agreement
The agreement between Bloom Energy and Perenco marks the first deployment of Bloom’s fuel cell tech in the U.K.
E&P Highlights: June 5, 2023
Here’s a roundup of the latest E&P headlines in the upstream oil and gas industry, including wells offshore Congo beginning production and approval for a North Sea field development.
UK's Mondi Scraps $1.17 B Deal to Sell Largest Russian Plant
London-listed shares in Mondi were down by 1.5% after the company announced the transaction's cancellation.
April Brings a Flurry of Hydrogen Projects That May Flower with CCS
If projects currently in the pipeline come to fruition, the production of low-emissions hydrogen could reach up to 24 million tonnes per year by 2030, with more than half of it coming from electrolyzers running on renewable energy.
E&P Highlights: May 22, 2023
Here’s a roundup of the latest E&P headlines, including a new find offshore Brazil and new contract awards in the upstream oil and gas industry.
Energy Costs for Most British Households to Fall 18% from July: Cornwall Insight
Average household energy bills are expected to stay below 2,500 pounds a year, according to the British government.
E&P Highlights: May 15, 2023
Here’s a roundup of the latest E&P headlines, including oil finds in the Arabian Sea and new contract awards.
Bingo: BPX Targets Summer Start for Permian Processing Facility
BPX Energy, which operates in the Permian-Delaware, continues to eye the start-up of its second Permian processing facility, Bingo, in the third quarter of 2023.
Ithaca Could Add to UK Cambo Stake as Shell Attempts Sale
Shell pulled its support for Cambo in late 2021 citing economic reasons, after the project became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.