Category Archives: Energy industry

Federal judge blocks Trump administration restrictions on wind and solar projects

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The injunction pauses policy giving senior Trump official direct sign-off on federal clean energy projects

A federal judge in Massachusetts on Tuesday struck down several Trump administration actions slowing down development of clean energy, including a requirement that all solar and wind energy projects on federal lands and waters be personally approved by the interior secretary, Doug Burgum.

Denise J Casper, chief judge of the US district court for Massachusetts, ruled that a coalition of plaintiffs representing wind and solar developers were likely to succeed on the merits of their claims that the administration’s actions violate federal statute and would cause irreparable harm if the court did not intervene.

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Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027

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Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in US

Chris Wright, the Trump administration’s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.

Asked by Jake Tapper, the CNN State of the Union host, when he thought “it’s realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don’t know. That could happen later this year. That might not happen until next year.”

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Drax claimed record £999m in subsidies for burning trees in 2025, thinktank says

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Company has received about £8.7bn in renewable energy subsidies since 2012, despite claims wood pellets are not sourced sustainably

The owner of the Drax power plant in North Yorkshire received record subsidies of almost £1bn for burning trees to generate electricity in 2025, a climate thinktank has calculated.

The company was paid £999m last year for generating about 4.5% of Great Britain’s electricity from its biomass plant, costing each household £13 a year, according to analysts at Ember.

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Collapse of US-Iran talks heightens fears of prolonged energy shock

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Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf

The failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price rises.

With large numbers of oil tankers remaining stuck in the Gulf, the US vice-president, JD Vance, blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while Iranian sources hit back at “excessive” demands from Washington.

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Record number of homes in Great Britain turn to green energy as fuel prices soar

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Iran war drives demand for solar panels, heat pumps and EVs, with energy bills expected to rise 18% from July

British households are turning to green home energy upgrades in record numbers to try to keep bills down as the Iran crisis sends global oil and gas prices soaring, data from leading energy suppliers suggests.

Figures show demand for solar panels, electric vehicles and heat pumps in Great Britain has leapt since the war began on 28 February, as households brace for a sharp increase in monthly payments when the next energy price cap takes effect in the summer.

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New Zealand asks US to send fuel tankers to Pacific to alleviate pressure caused by Iran war

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After meeting with Marco Rubio, foreign minister Winston Peters says he made sure US understands ‘significant economic impacts on New Zealand and Pacific’

New Zealand has called on the US to send fuel tankers to the Pacific to help alleviate some of the significant economic and fuel pressure caused by the war in the Middle East.

Winston Peters, New Zealand’s foreign minister, met the US secretary of state, Marco Rubio, in Washington on Tuesday, where they discussed bilateral relations, the war in Iran and the Pacific.

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Small UK firms’ energy bills set to more than double due to Iran war

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Companies using heating oil have already begun rationing their fuel use, says Federation of Small Businesses

Thousands of independent businesses across the UK are braced for their energy bills to more than double owing to the sharp rise in heating oil costs as the war in Iran pushed Europe’s fuel market prices to fresh record highs.

About 7% of all small and medium-sized companies warm their properties and provide hot water using heating oil, which in some cases has more than doubled in recent weeks.

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Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks

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Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closed

Iranian drones have struck Kuwait’s oil infrastructure, causing “severe material damage” that threatens to further disrupt oil supplies already hit by the US-Israel war on Iran.

The drone strikes on Sunday came hours before members of the Opec+ group of major global oil suppliers gathered to discuss how to bolster output despite Iran’s effective closure of the strait of Hormuz shipping route.

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New North Sea drilling would barely reduce UK gas imports at all, data shows

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Exclusive: research finds Jackdaw field would provide only about 2% of current demand, and Rosebank only 1%

Opening major new fields in the North Sea would make almost no difference to the UK’s reliance on gas imports, research has shown.

The Jackdaw field, one of the largest unexploited gasfields in the North Sea, would displace only 2% of the UK’s current imports of gas, which would leave the UK still almost entirely dependent on supplies from Norway and a few other sources.

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‘God squad’ waives endangered species law to allow US drilling in Gulf of Mexico

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Critics say exemption for fossil fuels exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whale

A US government panel on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act (ESA), a move which critics say could doom a rare whale species and harm other marine life.

The Endangered Species Committee – which had not convened in more than three decades – voted to approve the request for the ESA exemption at the request of the defense secretary, Pete Hegseth.

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Zack Polanski tells NEU teachers’ union that Greens would abolish ‘toxic’ Ofsted – UK politics live

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The Green party leader said Ofsted is a ‘failed institution’ and that teaching should move ‘toward a genuinely collaborative model’

Starmer complained about other parties whipping up division, and he specifically criticised Nick Timothy, the shadow justice secretary, for “complaining about Muslims praying in public”.

Labour, by contrast, values bringing people together, he said.

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Hundreds of North Sea licences granted by Conservatives have ‘so far produced only 36 days worth of gas’

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Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers say

Hundreds of licences granted for new oil and gas projects in the North Sea under the Conservatives have so far produced only 36 days’ worth of gas, according to analysis.

Research by the energy consultancy Voar and the campaign group Uplift found that between 2010 and 2024, the government handed out hundreds of new North Sea oil and gas licences in seven licensing rounds.

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Iran war threatens to delay large offshore wind projects in EU and UK

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Industry fears strait of Hormuz closure could disrupt shipping of crucial parts for UK and German North Sea projects

• Business live – latest updates

A string of large offshore wind projects in Europe are facing potential delays as the Iran war threatens to disrupt shipping of crucial parts manufactured in the Gulf.

Industry sources are concerned that components ordered from suppliers in the United Arab Emirates could become trapped if shipping remains effectively blocked through the strait of Hormuz.

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Reeves says planning for energy bills support under way but hints wealthiest may not be included – UK politics live

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Chancellor says she has the data available to run targeted scheme, unlike the Tory programme used when the Ukraine war started

The live feed from the Lib Dem local elections campaign launch did not last long, and it did not include footage of Ed Davey taking questions from reporters. But this is what the Lib Dems are saying about their five key campaign issues.

-Cut the cost of living: A plan to halve energy bills within a decade, saving households an average of £870 a year

-Fix the NHS and care: Guarantee the right to see a GP within seven days (or 24 hours for urgent cases) and ending 12-hour A&E waits.

-Rescue high streets: Give an emergency cut to VAT for hospitality businesses, to bring prices down and boost struggling high streets.

-Clean up rivers: Ban water companies from dumping raw sewage into local rivers and coastal areas.

-Restore community policing: Ensure visible, effective local policing to reduce crime.

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Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites

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PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand

• Middle East crisis – live updates

Japan will begin the biggest-ever release of oil from its strategic reserves this week, the prime minister, Sanae Takaichi, has said, as the country braces for possible shortages caused by the US-Israel war on Iran.

The government last week approved the release of 15 days’ worth of private-sector reserves, amid concern that the conflict in the Middle East will continue to hinder the flow of tanker traffic along the strait of Hormuz.

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‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide

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From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usage

Alagesan, 35, needs liquefied petroleum gas (LPG) to run his roadside drink and snack shop in Coimbatore, India, but with the fuel shortage since the US-Israel attacks on Iran, he worries his business could fold.

“I am far away from the Middle East, but my life is affected,” he said. “The gas cylinder is not available because of the war. I don’t know what to do.”

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Everything is a political weapon since Trump’s re-election, says Germany’s ex-economy minister

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Robert Habeck says world has moved on from weaponising energy to using tariffs, technology and more to inflict harm

The weaponisation of energy when Russia invaded Ukraine has given way to “weaponising everything” since Donald Trump returned to the White House, Germany’s former economy minister has said.

Robert Habeck, the Green politician responsible for keeping the lights on during the last energy crisis, said the belief gas “would never be a political weapon” led successive German governments blindly into Putin’s trap by building the Nord Stream pipelines and selling strategic reserves to Gazprom, which Russia emptied before the invasion.

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

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Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

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Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

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Can the IEA put a lid on the price per barrel by releasing oil stockpiles?

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Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks.

Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history.

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