Latest energy stories, updates and analysis from The Real News Journal.
AIM-listed UK Oil & Gas (UKOG) is officially changing its name to UK Energy Group (UKEn) from 11 September, signalling a strategic shift away from onshore oil and gas extraction towards hydrogen energy storage and clean power. The company has been divesting hydrocarbon assets while funding new hydrogen projects in Dorset and Yorkshire.
A consortium of energy companies, Humber Hydrogen, is pressing the UK government to select the Humber region as the location for the country’s first integrated hydrogen network. The group claims that a £500 million investment could safeguard up to 4,000 jobs, create 700 apprenticeships, and unlock £15 billion in wider investment, despite ongoing delays in the government’s hydrogen strategy.
A leading energy sustainability consultant says UK North Sea companies should focus on managing long-term transition risk rather than trying to predict government policy, as political debate over new drilling licences continues.
National Gas has announced a significant £55 million investment in its Aberdeen Compressor Station over the next five years, aimed at ensuring the facility's continued safe and efficient operation. The funding package is also set to bolster regional employment and supply chains, reinforcing Scotland's role in the UK's energy security framework.
Prime minister Andy Burnham has called rising energy bills "difficult" after Ofgem raised its price cap by 4%, with analysts warning of a further 9% rise in January and campaigners urging further government support.
Former BP executive Nick Butler has called for a cross-party review of UK energy policy, warning that the debate has become polarised between rapid decarbonisation and expanded fossil fuel extraction.
German energy firm RWE has confirmed it will abandon its offshore wind projects in the United States, following a $1.2 billion (£892 million) settlement with President Donald Trump's Department of the Interior. The company plans to reinvest the sum into conventional gas developments, including a significant liquefied natural gas (LNG) export terminal in Louisiana.
