Offshore Energies UK (OEUK) warns of a potential £450 billion loss in the domestic offshore energy market by 2040 without stable policies and competitive taxes.
read more... 27/03/2024
On Monday, oil prices ended higher, driven by prospects of reduced Russian crude oil production, following Ukrainian attacks on refineries. Brent crude increased by 2% at $86.75 a barrel, while WTI Crude rose by 2% to $81.95 a barrel.
read more... 26/03/2024
The UK Government plans to encourage offshore wind companies to cut their carbon footprint by providing extra payments in Allocation Round 7 of the Contracts for Difference scheme, scheduled to launch in 2025
read more... 15/03/2024
Energy Secretary Claire Coutinho is set to announce reforms in electricity markets, aiming to potentially save households £45 annually and unlock £35 billion in savings over two decades
read more... 11/03/2024
In the race to secure a nuclear unit tender for the Dukovany power plant, Czechia express concerns over cost overruns and delays, casting a shadow on French company EDF’s bid.
read more... 07/03/2024