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CCC calls for an 87% cut in UK GHG emissions by 2040
5/3/2025
The Seventh Carbon Budget, covering the period 2030 to 2042, recommends a limit of 535mn tCO2e, including emissions from aviation and shipping. This f...
BP pivots away from energy transition
26/2/2025
First, BP is increasing its investment in oil and gas to $10bn per year through 2027. It is increasing production to 2.3–2.5mn boe/d in 2030. Ten new ...
North Sea oil and gas field developments delayed while third runway at Heathrow airport proposed: a week in the life of the UK energy transition
5/2/2025
Scottish court ruling on North Sea oil and gas fieldsFirst, a Scottish Court of Session ruled that government development consents for the...
BP and JERA join forces to create top-tier global offshore wind joint venture
8/1/2025
The new company will be called JERA Nex BP. It will have a total 13 GW of potential net generating capacity, comprising some 1 GW of operating assets,...
New Indonesian President signs off $7bn gas project while reaffirming 2050 net zero target
4/12/2024
The $7bn Tangguh Ubadari CCUS Compression (UCC) project will comprise development of the Ubadari gas field, enhanced gas recovery through CCUS and ons...