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oil and gas

Study: New North Sea oil and gas drilling 'won't make any real difference' to UK energy bills

Energy

Study: New North Sea oil and gas drilling 'won't make any real difference' to UK energy bills

ECIU analysis adds to growing body of evidence showing how new North Sea oil and gas projects will do little to boost domestic energy security

clock 08 January 2024 • 7 min read
Chris Skidmore resigns in protest at government's oil and gas drilling plans

Politics

Chris Skidmore resigns in protest at government's oil and gas drilling plans

Former Energy Minister declares, 'we can not expect other countries to phase out their fossil fuels when at the same time we continue to issue new licences or to open new oil fields'

clock 05 January 2024 • 3 min read
ING to ditch upstream oil and gas financing by 2040 as it ramps up renewables goals

Investment

ING to ditch upstream oil and gas financing by 2040 as it ramps up renewables goals

Dutch financial giant announces plan to triple renewable energy financing by 2025 as it cites COP28 agreements on clean energy and fossil fuels

clock 20 December 2023 • 3 min read
'A turning point': IEA predicts global coal demand set to fall by 2026

Energy

'A turning point': IEA predicts global coal demand set to fall by 2026

International Energy Agency predicts global coal demand to fall by 2.6 per cent by 2026, even if governments fail to deliver new policies in support of goals agreed at COP28 Climate Summit

clock 15 December 2023 • 4 min read
Research: Only fraction of oil and gas company plans aligned with 1.5C goal

Energy

Research: Only fraction of oil and gas company plans aligned with 1.5C goal

Transition Pathway Initiative Centre's assessment of capital investment plans from more than 130 publicly-listed oil and gas companies finds only a handful are on track to meet net zero goals

clock 13 December 2023 • 3 min read
'Profound threat': How the clean energy transition could blow an $8tr hole in petrostates' finances

Risk

'Profound threat': How the clean energy transition could blow an $8tr hole in petrostates' finances

With many forecasts signalling declining oil and gas demand by 2030, Carbon Tracker warns petrostates face an $8tr drop in revenues by 2040

clock 30 November 2023 • 6 min read
COP28: Hopes of fossil fuel 'phase out' hit by revelations of Saudi plan to boost oil demand

Climate change

COP28: Hopes of fossil fuel 'phase out' hit by revelations of Saudi plan to boost oil demand

Investigations reveal how Saudi Arabia is working on controversial plan to 'hook' developing economies on oil and gas

clock 28 November 2023 • 6 min read
IEA boss urges oil and gas industry to 'commit to genuinely helping the world'

Energy

IEA boss urges oil and gas industry to 'commit to genuinely helping the world'

Producers must decide whether to commit to green investment and climate goals, or continue a high-risk business as usual strategy, IEA warns

clock 23 November 2023 • 5 min read
Government promises 'stringent' CO2 tests as it unveils new UK oil and gas licensing bill

Legislation

Government promises 'stringent' CO2 tests as it unveils new UK oil and gas licensing bill

But critics claim new tests in Offshore Petroleum Licensing Bill will do little to help ensure net zero emission targets are met

clock 08 November 2023 • 4 min read
'Government by gimmick': The green economy reacts to the King's Speech

Policy

'Government by gimmick': The green economy reacts to the King's Speech

BusinessGreen rounds up all the reaction from business leaders, campaigners, and energy and climate experts to the government's new legislative agenda

clock 07 November 2023 • 20 min read
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