60 firms bag new licences for UK oil and gas

Licences to drill for oil and gas off the coast of England were dished out to 60 companies last week. Swathes of the North Sea, the English Channel, the North Channel and Morecambe Bay and the West of Shetlands and the Hebrides were included in the Government’s 28th Offshore Licensing Round. The mixture of firms […]

Commons carnage as MPs grill energy sector

There could be a double whammy of rebukes for energy bosses on Tuesday. MPs on the Commons’ energy watchdog have called in Energy Minister Matthew Hancock and Ofgem boss Dermot Nolan to grill them on the rising cost of energy networks. Both will have support from wingmen (and women): Hancock brings DECC’s lead on Energy […]

Fresh oil find in North Sea

British oil explorer BP and France’s GDF SUEZ struck oil in the North Sea, they announced today. The new discovery called ‘Marconi by GDF SUEZ and ‘Vorlich’ by BP was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. It could be a bridge to tapping other oil and gas […]

Blog: True Blue tick-boxing from Tory Energy Minister

For a man who boasted about ditching tick-box regulation for business, Matthew Hancock’s Tory conference speech was very much a tick-box exercise when it came to energy. The Business and Energy Minister proudly promoted the 3,000 regulations which “have been reversed or reformed by this Government”. (Let’s not forget some of these were as dated […]

Tories trying to “box me in” with new ministers says Davey

Energy Secretary Ed Davey reckons Tory bigwigs are trying to “box him in” with the two new ministers appointed in the reshuffle last week. The Lib Dem politician was speaking at an event on Saturday run by the Lib Dem Social Liberal Forum group in East London. In past reshuffles, the energy department has been […]

Greg Barker resigns, Matthew Hancock new Energy Minister

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Efficient buildings could raise productivity by £8bn

A report has been launched today detailing how the public sector can raise the productivity of its workforce by £8bn a year by using buildings in a greener way. The report ‘Leaner and Greener II: Putting Buildings to Work’ suggests the public sector rationalises its property portfolio. Chaired by Matthew Hancock MP, the report was […]