Electricity under lockdown: cheaper, cleaner, but harder to control

The latest Drax Electric Insights report shows the impact lockdown had on our electricity system. The report, conducted via Imperial Consultants, by academics from Imperial College London, is an independent analysis of Great Britain’s electricity system during the second quarter of 2020.

UK Government to review offshore oil and gas licensing regime

The review looks to ensure the government has the necessary information to plan for continued oil and gas production in a manner ‘aligned with tackling climate change’

Around 80% of Scottish oil workers ‘considering career impacts of climate change’

New research from industry body Scottish Renewables suggests 77% of oil and gas employees are positive about retraining to join the renewable sector

Chevron to power oil and gas operation with 500MW renewables

The projects will power Chevron’s operations in the US Permian Basin, Argentina, Kazakhstan and Western Australia

bp commits to offsetting CO2 emissions from all fuels sold in Portugal

The initiative is estimated to help offset more than two million tonnes of carbon every year, the equivalent of taking 400,000 cars of the road

Chevron buys Noble Energy for $5bn in stock, amid worst oil price crash in history

The deal will allow the oil giant to strengthen its position in the Eastern Mediterranean

Eni creates renewable energy division as part of corporate reorganisation

The new structure aims to help the business achieve growth objectives and environmental sustainability

Russia announces state of emergency after 20,000-tonne oil leak inside Arctic Circle

A diesel power plant owned by a subsidiary of Norilsk Nickel collapsed last Friday, leaking the fuel into the Ambarnaya river

Rockefeller Brothers Fund sees financial returns increase following fossil fuel divestment

The philanthropic foundation, founded by the grandsons of oil giant John D. Rockefeller, says its returns are now beating market benchmarks after shifting its portfolio to 99% fossil fuel-free investments in 2014

Global gas and pipeline sector faces ‘deep crisis’, says study

As a result of an ‘unprecedented’ drop in global prices and demand, the global pipeline industry is looking at extended delays and stalls