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The Latest Breaking News on Energy

Nigerian oil workers threaten to strike if govt doesn't stem theft

Members of a Nigerian oil workers' union are threatening to go on strike if the government does not do more to stem widespread oil theft they say is putting their safety at risk and has cut exports by hundreds of thousands of barrels.

Reuters

Energy bills frozen as Liz Truss reveals plan for cost of living crisis

Bills will be put on hold for two years from the start of October

Wales Online

How to invest in oil

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.

Evening Standard

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What are the government’s fracking plans? Rishi Sunak reinstates ban

The ban on shale gas fracking in England has been restored by new Prime Minister Rishi Sunak in his first PMQs.

Evening Standard

Brits could be told to cut their energy use this winter to avoid blackouts

Just weeks after Downing Street insisted that people shouldn't worry about their energy use, it is reported that ministers are considering a public information campaign to turn off appliances

Chronicle Live

How to invest in natural gas

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

Evening Standard

Finland opens two reserve power plants over European energy crisis fears

Fingrid says move taken to prevent electricity blackouts

The Independent UK

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Douglas Ross defends PM's plan to freeze bills without windfall tax on energy firms

DOUGLAS Ross has defended Liz Truss’s plan to freeze energy bills despite the fact this will hit taxpayers in the pocket over the coming decades.

The National (Scotland)

The U.S. can't solve Europe's energy crisis

Europe is still figuring out how to make up for Russia's oil.

Axios

UK seeks more North Sea oil and gas

LONDON: The British government is expected to announce dozens of new North Sea oil and gas exploration licences in an effort to boost domestic production, according to two sources familiar with the government’s discussions.

Bangkok Post

'Harsh winter ahead' could stifle Scottish economic growth

Scotland’s productivity is the third highest off all UK regions and nations, yet still remains below the UK average

Insider UK

Ukraine considers closing Zaporizhzhia nuclear power plant as fighting rages

Earlier this week, experts called for a security zone around Zaporizhzhia

The Independent UK

$Minister defends Liz Truss plan to lift fracking ban$

Minister defends Liz Truss plan to lift fracking ban

A Cabinet minister has defended controversial plans to lift the ban on fracking as part of new Prime Minister Liz Truss’s emergency support package on energy bills.

Evening Standard

$Lifting of fracking ban not miracle solution, minister admits$

Lifting of fracking ban not miracle solution, minister admits

Communities secretary defends decision not to extend windfall tax as Liz Truss unveils support package

The Guardian - UK

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Asharq Al-Awsat

Lebanese Delegation Heads to Iran to Acquire Fuel as 'Gift'

The Lebanese government is preparing to send a technical delegation to Iran to negotiate acquiring "free" fuel to ease the power outages crisis in the country, which now supplies only one or two hours of state-provided electricity per day. Lebanon is seeking Iranian fuel and wants to avoid US sanctions.

The Guardian - UK

Big oil and Opec are holding the world to ransom – it’s time to rein them in

The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels

The National (Scotland)

Nicola Sturgeon geared for clash with PM over new fracking and nuclear plans

SCOTTISH Energy Secretary Michael Matheson has said that the Scottish Government does not plan to issue any licences to allow fracking to take…

Irish Mirror

Irish Government doing doomsday blackout drills amid concerns about winter electricity supply

These emergency exercises to stress test the impact of any grid shortages will involve key stakeholders in the energy sector

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Asharq Al-Awsat

Oil Prices Climb on Tight Supply Worries

Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become. Brent crude futures gained 63 cents, or 0.7%, to…

Daily Mirror

Fury as Liz Truss to allow fracking today despite her own Chancellor saying it won't work

New Prime Minister Liz Truss is set to lift the ban on fracking as part of her energy bills plan - despite Kwasi Kwarteng saying in March that it wouldn't solve the crisis

Evening Standard

Oil and gas giants paying ‘fair share’ of taxes, says minister

The Government faces a growing row over how to fund a massive support package to keep energy bills down

The Independent UK

Report: Clean energy jobs grow, but wages lag fossil sector

A new report has found that clean energy now provides more employment than the fossil fuel industry, reflecting the shift that efforts to tackle climate change are having on the global jobs market

Reuters

Russia's war on Ukraine latest news: U.S. said to prod Kyiv on talks

President Joe Biden's U.S. administration is privately encouraging Ukraine’s leaders to signal an openness to negotiate with Russia and drop their public refusal to engage in peace talks unless President Vladimir Putin is removed from power, the Washington Post reported.

Asharq Al-Awsat

UN: Evidence of Russia Taking Ukrainian Children

The United Nations cited "credible accusations" Wednesday that Moscow's forces have forcibly taken Ukrainian children to Russia, while Russian President Vladimir Putin accused the West of benefitting from the eased grain blockade. Kyiv meanwhile said its forces had recaptured significant territory in a counter-offensive southeast of Kharkiv that experts say…

The Independent UK

California avoids outages after day of grid-straining heat

California kept the lights on during extreme heat, as operators of the state’s electricity grid continued to warn that unprecedented demand on energy supplies could force them to periodically cut power to some customers

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