oil and gas

Flex Providers must be able to stack multiple revenue streams in order to build the investment cases for their assets.

October 25, 2022

Energy UK criticises revenue cap on low carbon energy generators

Energy UK has criticised proposals to impose a revenue cap on low carbon energy generators with it potentially hindering the investment that is needed to safeguard the UK’s energy security and reduce energy bills.

September 9, 2022

Energy sector reacts to ‘long overdue’ support measures unveiled by Truss

Following on from Prime Minister Liz Truss unveiling a range of measures to help mitigate the impact of the energy crisis, Current± takes a look at the industry's reactions.

August 15, 2022

Labour unveils £29 billion energy plan as it looks to freeze energy cap over winter

The Labour Party has set out a £29 billion plan to freeze energy bills over the coming winter.

BP reduces 2030 emissions reduction target to continue oil and gas operations. Image: BP.

August 2, 2022

bp’s profits jump to 14 year high, hitting nearly £7bn for Q2

bp’s profits have surged to £6.9 billion ($8.45 billion) for Q2 2022, its highest in 14 years, amidst the continued energy crisis.

July 6, 2022

‘Biggest reform of our energy system in a decade’: landmark Energy Bill unveiled to parliament

The Energy Bill is set to be introduced to parliament today (6 July) by business and energy secretary Kwasi Kwarteng.

May 26, 2022

Windfall tax of 25% on O&G profits introduced as further support measures announced by government

Chancellor Rishi Sunak has announced a windfall tax of 25% on oil and gas companies in the UK, alongside further measures to support consumers amid record high power prices.

Kwarteng has penned the letter following increased protests against the expansion of North Sea oil and gas. Image: Glenn Beltz/Flickr.

May 3, 2022

Kwarteng calls for O&G majors to reinvest in clean energy technologies as bp announces surging profits and investment

Secretary of state for business, energy and industrial strategy (BEIS) Kwasi Kwarteng has called on North Sea oil and gas producers to invest in “the clean energy technologies of the future".

Centrica's profit hit £3.308 billion due to gas and nuclear. Image: Centrica.

February 25, 2022

Centrica’s profit soars 112% amid high oil and gas prices

Centrica’s adjusted profit has soared by 112%, jumping from £447 million to £948 million following the surge in oil and gas prices.

February 8, 2022

Calls for windfall tax reiterated as bp unveils £9.5bn in profit amid energy crisis

bp has seen its profits surge to £9.5 billion ($12.8 billion) for 2021, on the back of high oil and gas prices.

September 28, 2021

Robotics in the energy sector value to hit £8.4bn by 2050

The global robotics market in the energy sector will be worth £8.4 billion by the middle of the century, according to new research from the Offshore Renewable Energy (ORE) Catapult.

Stay Current!

Subscribe to email newsletter!