Latest news
bp to invest up to £50 million in new global battery research and development centre in Britain
bp today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. bp has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment is a further example of bp’s commitment to the country.
read more... 02/08/2022
Daily (01.08.2022): The NBP spot gas price dipped on Friday as UK gas system is balanced with Nordstream stable flows
Oil prices rose on Friday as attention shifted to the OPEC+ meeting this week and waning hopes that the producing group increasing supply soon. Thus, Brent crude oil price settled 2.7% higher to $110.01, WTI crude rose by 2.3% to $98.62 per barrel.
read more... 01/08/2022
Daily (27.07.2022): NBP gas prices rose significantly as a result of the EU's decision to reduce gas demand by 15%
Oil prices decreased on Tuesday as investors worried about dwindling consumer confidence and prepared for the release of an additional 20 million barrels of crude oil from the US Strategic Petroleum Reserve. As such, WTI crude diminished by 1.8% to settle at $94.98 per barrel. At the same time, Brent crude ended 0.7% down at $104.40 a barrel.
read more... 27/07/2022
Drax plans GBP-2bn bioenergy-plus-CCS project
UK power producer Drax Group Plc plans to invest GBP 2 billion (USD 2.39bn/EUR 2.37bn) this decade in the development of two units under a bioenergy-with-carbon-capture-and-storage (BECCS) project at its North Yorkshire power station.
read more... 13/07/2022
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UK regulator Ofgem confirms need for huge Eastern HVDC link
UK energy regulator Ofgem has confirmed its support for the proposed 4-GW Eastern High Voltage Direct Current subsea power cable project between Scotland and England, which at GBP3.4 billion ($4.07 billion) would be Great Britain's largest electricity transmission project in recent history.
read more... 12/07/2022