While other international majors are closing down refineries or converting them to biofuel production, ExxonMobil is expanding its UK site and will start delivering diesel from the expanded Fawley refinery in early 2025. ExxonMobil is investing $1 billion (£800 million) in the main construction phase of a new low-sulfur diesel …
Read More »UK Plans to Build Third New 3.2 GW Nuclear Plant
The United Kingdom government said it is considering a third new-generation nuclear plant with the same power capacity as the under-construction Hinkley C and the approved Sizewell C. The third plant is part of the Civil Nuclear Roadmap announced by the Department of Energy Security and Net Zero (DESNZ) Thursday, …
Read More »World’s Largest Uranium Miner will Miss Production Targets
The world’s largest uranium miner issued a dire warning on Friday concerning its production outlook for 2024, sparking fears that nuclear fuel supply could be at risk. London-based Kazatomprom—the largest uranium miner in the world—said on Friday that sulfuric acid shortages and construction delays at newly discovered deposits could lead …
Read More »World’s Biggest Offshore Wind Farm Starts Producing Power
The world’s largest offshore wind farm, the Dogger Bank Wind Farm in UK waters, has achieved first power and started sending electricity to the UK national grid, the developers of the project said on Tuesday, hailing the major milestone at the offshore wind farm whose construction continues. Dogger Bank Wind …
Read More »WoodMac: $30 Billion in UK Energy Investments at Risk Ahead of Elections
Some $30bn (£24.2bn) of investment in new UK energy projects is at risk if Labour wins the next election, a top energy consultancy has warned. Consultancy giant Wood Mackenzie believed the growing expectation of a Labour government – which has pledged to ban new North Sea oil and gas developments …
Read More »UK is Largest Foreign Investor in Azerbaijan with $34 Billion
The UK has invested $34 billion in Azerbaijan’s economy, Minister of Energy of Azerbaijan Parviz Shahbazov said during the meeting with British Prime Minister’s Trade Envoy for Azerbaijan, Baroness Emma Nicholson, Trend reports. According to him, issues of switching to “clean” energy were discussed during the meeting. “We discussed issues …
Read More »Britain to Join Forces with EU to Build Energy Islands in North Sea
The UK is reportedly set to join forces with several EU nations to boost renewable energy production in the North Sea, as part of its ongoing efforts to repair relations following Brexit. According to a draft seen by Bloomberg, alongside eight EU nations including Germany and France, the UK will …
Read More »UK Turns to Big Oil in £20 Billion Carbon Capture Push
The UK selected projects from developers including BP Plc and Equinor ASA to enter into negotiations for the country’s first large-scale efforts to capture and store carbon emissions. In total, eight projects are set to receive government support to trap carbon from industrial clusters in the north of England. The …
Read More »UK and France Seal Energy Security Deal
The UK and France have signed a deal to increase energy security by shifting towards renewable and nuclear power. Energy Security Secretary Grant Shapps and France’s Energy Minister, Agnes Pannier Runacher have signed the agreement, following the two nations’ longstanding partnership on nuclear power. French company EDF is leading the …
Read More »UK Gas Exports to EU Disrupted due to Equipment Failure
An “equipment failure” has prompted the shutdown of a key UK-EU gas pipeline. Operator Interconnector Limited has confirmed that natural gas exports from the UK through Belgium to Europe have been halted due to equipment failure. The link runs from Bacton in the UK to Zeebrugge in Belgium and is …
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