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The Latest Breaking News on Energy

Santos loses Federal Court appeal over Barossa gas project after challenge by Tiwi Island traditional owners

Gas company Santos has lost its appeal against the decision that overturned approvals for its $4.7 billion gas project underway in waters off the Tiwi Islands.

ABC News

Just Stop Oil protesters ‘less assertive’ because suspected leaders in custody, Met boss says

Protesters have been marching on roads instead of gluing their hands to them

Evening Standard

Gas prices are now cheaper than before Russia invaded Ukraine

Gas prices have dropped 12 cents since last week and 29 cents over the last month, per AAA.

Axios

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Just Stop Oil protesters ‘much less assertive’ without leaders, says Met boss

Police chiefs will meet Home Secretary Suella Braverman on Thursday to discuss the demonstrations.

The Independent UK

COP27 failed - London must take its own action

Londoners need to be prepared for more death and destruction from extreme weather and sea-level rise following the disappointing outcome from COP27 in Egypt.

Evening Standard

Back online: the retired gas storage site now able to power 1m homes

Rough, a 37-year-old Centrica facility off east Yorkshire, has been reopened to prop up the energy grid

The Guardian - UK

1 Energy Stock to Stay Bullish on in 2023

Despite widespread market uncertainties, energy company Marathon Petroleum (MPC) recently increased its dividend payouts by almost 30%. It has gained more than 90% in 2022, and Wall Street analysts expect it to rally further shortly. Therefore, investors might consider staying bullish on MPC in 2023. Keep reading….

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Just Stop Oil protesters slow traffic on march from Moorgate to London Wall

Just Stop Oil protesters disrupted morning traffic as they marched through Moorgate, Barbican, Farringdon and Tower Hill on Wednesday.

Evening Standard

Energy suppliers risk failing with taxpayers’ cash onboard, Centrica chief warns

Chris O’Shea said the government handing energy companies money in advance presents a big risk

The Guardian - UK

QatarEnergy, ConocoPhillips sign LNG deal for Germany

The agreement provides Germany with two million tonnes of LNG annually for at least 15 years starting from 2026.

Al Jazeera

Government to cap wholesale gas prices as part of market intervention to lower power prices

Anthony Albanese and his cabinet are set to endorse a multi-pronged strategy to curb sky-high power prices, as pressure mounts on the government to urgently intervene in the market.

ABC News

Just Stop Oil protesters strike again despite tough talk from police

The group disrupted traffic in London on Monday morning.

The Independent UK

Just Stop Oil block roads in London as protests resume

Just Stop Oil supporters stopped traffic on two key routes in London on Monday - marking a resumption of protests after 18 days.

Evening Standard

COP27 climate summit missed chance for ambition on fossil fuels, critics say

Fossil fuel producers benefited from sympathetic treatment in Egypt at the COP27 climate talks, government officials said, bringing their influence to bear in rushed final negotiations and frustrating those who hoped for a more ambitious outcome.

Reuters

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Financial Times

The week that could unravel the global oil market

As western countries prepare to impose a price cap on Russian crude, many of the industry’s norms are being undermined

The Guardian - UK

Just Stop Oil expected to begin two weeks of action in London from Monday

Scotland Yard believes environmental activist group will launch two weeks of ‘disruption’ in the capital before Christmas

The Independent UK

Police ‘fully prepared’ to counter further Just Stop Oil protests

The group has been using civil resistance and direct action as part of its campaign to stop future gas and oil projects.

Irish Mirror

Irish motorists warned petrol and diesel price hike could be just around the corner

The average price of petrol now sits at €1.77 while diesel is €1.96 but filling up your tank might cost a lot more in a few weeks

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Dublin Live

Increase in fuel prices could be around the corner says AA Ireland

Lower prices for fuel across the country could be short-lived

AFP

Uniper rescue to cost Germany an extra 25 bn euros

Frankfurt (AFP) - Troubled gas giant Uniper on Wednesday said the German government would need to spend an additional 25 billion euros under a planned nationalisation to stave off the firm's collapse in the wake of Russia's war in Ukraine.

The National (Scotland)

£20 billion cost of closing North Sea oil and gas fields revealed

MORE than 2000 oil and gas wells are expected to be decommissioned in the North Sea over the next decade at a cost of about £20 billion,…

The Guardian - US

US receives stinging criticism at Cop27 despite China’s growing emissions

The country is highlighting China’s status as top polluter after being called out for climate inaction

The Guardian - UK

Fears over oil producers’ influence with UAE as next host of Cop climate talks

More than 630 fossil fuel lobbyists attended Cop27, and the Emirates, where Cop28 will be held, is a major oil and gas exporter

The Independent UK

Oil industry will spend £20bn on decommissioning over next decade, say chiefs

The cost has increased from last year due to a number of projects being brought forward.

Insider UK

Oil industry 'will spend £20 billion' on decommissioning over next decade

Offshore Energies UK's latest report suggests more than 2,000 oil and gas wells will be taken out of service

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