Latest news
UK oil and gas sector faces $24 bln bill to plug old wells
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.
read more... 23/11/2022
EV owners to pay road tax in UK from 2025
UK finance minister Jeremy Hunt said Britain will introduce road taxes on electric cars from 2025, ending an exemption that was intended to spur adoption of zero-emission vehicles.
read more... 21/11/2022
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UK-France power link extends outage
The power link between Britain and France, the IFA1 interconnector, will take more time for repair work before it starts operating at full capacity.
read more... 21/11/2022
UK increases, extends upstream oil and gas windfall tax
The UK is to increase its temporary windfall tax on oil and gas producers by 10 percentage points, the country's finance ministry confirmed today.
read more... 18/11/2022
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EU to propose natural gas price cap after Nov. 24 meeting
The European Commission plans to propose a cap on natural gas prices after Nov. 24, as it seeks to contain an energy crisis stemming from Russia's invasion of Ukraine, the EU's energy policy chief told Reuters on Wednesday.
read more... 17/11/2022