Ofgem greenlights cable links to power millions of homes

The energy regulator has provisionally approved plans for two high-voltage cable links to Europe, aimed at supplying power to millions of homes in Britain

North Sea oil investments face 60% cash flow drop

Private equity investments in North Sea oil and gas may see a 60% cash flow decline due to the accelerating energy transition, according to a report

“UK EVs outshine North Sea oil for energy security”

Electric cars in the UK are set to enhance energy security more effectively than new North Sea oil licences, reducing dependence on petrol imports, according to a report

“New North Sea fuel: Less than 1% in UK petrol tanks”

New drilling licences in UK waters would have a minimal impact, contributing less than 1% to each fuel type used in the UK by 2030, according to new analysis

UK partners unite for CO2 capture and transport

Acorn and Uniper will jointly develop a solution to transport the captured CO2 from the Isle of Grain to Peterhead Port in Scotland and then to permanent storage beneath the North Sea

Octopus enters German offshore wind market

Octopus Energy’s generation arm has acquired a 5% stake in the Butendiek offshore wind farm in the North Sea

Will energy take centre stage at King’s Speech?

The legislative package will reportedly involve potential energy-related measures, including future oil and gas drilling in the North Sea

German North Sea LNG terminals begin capacity auctions

Deutsche Energy Terminal GmbH is set to hold its inaugural auctions for regasification capacities at two terminals on the German North Sea coast

Acorn gets green light for massive CO2 storage expansion

Acorn has secured licenses from the North Sea Transition Authority to boost its carbon storage capacity in the North Sea, allowing it to store approximately 240 megatonnes of carbon dioxide

‘UK seeks financial backing from banks for North Sea oil projects’

Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures