BP unveils transformation strategy, energy outlook

BP started on Monday the so-called bp Week, series of capital markets presentations over the next three days promoting its transformation from an international oil company (IOC) to an integrated energy company (IEC). CEO Bernard Looney said the company

Ofgem ‘could save consumers a further £1.7bn in next network price control’

Ofgem could save consumers a further £1.7 billion during the next set of energy network price controls (RIIO-2). That’s the claim from Citizens Advice, which in 2017, found energy networks […]un That’s the claim from Citizens Advice, which in 2017, fou

UK's Energean confirms first Israeli gas now expected in H2 2021

First gas from Energean's fields offshore Israel is now expected in the second half of 2021, the company confirmed Sept. 10, with the work program on its dedicated production vessel meaning a previous target of first gas in the first half will now not be

STATISTICS

MARKET PRICES & TRENDS

Settlements

UK Q+1 base GBP/MWh49.14
NBP Q+1 GBpence/therm36.2
Brent USD/bbl41.77

Settlements

Rate GBP/EUR /1.09
UK Cal 2021 base GBP/MWh47.1
UK Cal 2022 base GBP/MWh47.22

Settlements

NBP Cal2021 GBpence/therm37.36
NBP Cal2022 GBpence/therm40.23
NBP Cal2023 GBpence/therm42.06
UK spot base GBP/MWh42.29
NBP spot GBpence/therm32.5