Uk

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.

Smart Meter

Data Innovations Drive UK National Grid Smart Meter Project

British distributor National Grid has launched the new Smart Meter Innovations and Test Network (SMITN) project.

United Kingdom

Ofgem Confirms Plans to Launch UK Energy Regulator Campaign

Ofgem has announced that it will launch a campaign to help the UK population reduce its energy use, amidst growing concerns surrounding the energy crisis.

Smart Meter

SMS Brings U16 Gas Smart Meter to Market in UK

Smart energy infrastructure specialist SMS is the first meter installer to bring the device to the UK market.

Nuclear Fusion

Fusion in the UK Takes Another Step Forward

Tokamak Energy announces collaboration with UK Atomic Energy Authority on developing fusion energy.

Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

Carbon Neutral

UK Professors Say Hemp Can Make Scotland’s Agricultural Sector Carbon-Neutral

Boosting hemp production in Scotland could bring “huge” environmental benefits to the agricultural sector, according to a new report.

United Kingdom

UK Renewables and Nuclear Generators Face Windfall Tax as Government U-Turns Again

Westminster is trying to break the link between high gas prices and electricity revenue.

Pumped Storage

World’s Largest Capacity Pumped Storage Hydropower Project to Be Built in Queensland

An ambitious plan to build the world’s largest pumped storage hydropower project in terms of capacity has been announced by Queensland Premier, Annastacia Pala…

United Kingdom

UK Moves to Cap Revenues of Low-Carbon Energy Producers

Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billion…