Russian Oil Is No Longer India’s Easy Bargain
India’s Russian crude imports declined sharply in August amid Black Sea security threats, Chinese competition, and reduced Russian exports, raising questions about sustained supply challenges ahead.
Norway Wants Europe’s Energy Market, Without Sharing Its Trade-Offs
Norway’s energy minister states the nation will continue Arctic oil and gas exploration despite EU opposition, while also dismissing the concept of being Europe’s “green battery.” However, Norway remains deeply integrated in European energy markets rather than breaking from them.
BP puts North Sea oil and gas business up for sale
BP has launched a formal sale process for its North Sea oil and gas business, ending six decades of production in the basin as the company seeks to streamline operations and reduce debt levels.
Octopus Energy denies it is anti-union as GMB pushes for recognition for workers
GMB union is seeking formal recognition at Octopus Energy, the UK’s largest energy company, while the renewable-focused firm states there is no current staff demand for unionization.
Great Britain braced to pay millions for backup electricity during solar eclipse
Great Britain faces potential electricity shortfall during a near-total solar eclipse Wednesday, prompting grid operators to secure backup power at premium prices amid record summer heat demand.
Households in Great Britain ‘could owe energy suppliers £7bn by end of year’
Energy debt in Great Britain could reach £7bn by year-end as households face a 4% price cap increase from October, according to industry warnings.