Open Source Energy News 
BP fined £50,000 for breaching licence condition
The Oil and Gas Authority says the company failed to report the progress and results of well tests.
Outrage as Italy faces multimillion pound damages to UK oil firm
Secretive tribunals allow fossil fuel companies to sue governments for passing laws to protect environmentItaly could be forced to pay millions of pounds in damages to a UK oil company after banning new drilling near its coast.The case has sparked ou...
Billionaire space cowboys could become heroes by focusing on the climate crisis
Bezos, Musk and Branson have achieved much – but the biggest challenge facing humanity is not the stars, but our planetFor three of the world’s most famous billionaires, space is indeed the final frontier – for their egos. Jeff Bezos, the planet’s ri...
Hitting global climate target could create 8m energy jobs, study says
Researchers suggest net increase would mostly occur in renewables sector, with decline in fossil fuelsIf some politicians are to be believed, taking sweeping action to meet the goals of the Paris climate agreement would be calamitous for jobs in the ...
UK to trial automatic energy bill switching system
Households paying expensive standard tariffs for electricity and gas will be moved to cheaper deals, UK government saysHouseholds paying expensive standard tariffs for gas and electricity are to be automatically moved on to a cheaper deal as the gove...
Great Britain faces rising risk of winter blackouts, system operator warns
Coal plants and nuclear reactors shut down while energy demand expected to rise after Covid restrictionsGreat Britain faces its greatest risk of blackouts for six years this winter as old coal plants and nuclear reactors shut down and energy demand r...
UK faces legal action over North Sea oilfield exploration plans
Greenpeace threatens to take government to court as approval risk undermining climate targetsThe government faces the threat of legal action over plans to allow exploration at the Cambo oilfield near Shetland after promising to put an end to new oil ...
‘Reckless’ - G20 states subsidised fossil fuels by $3tn since 2015, says report
Support for coal, oil and gas remains high despite pledges to tackle climate crisisThe G20 countries have provided more than $3.3tn (£2.4tn) in subsidies for fossil fuels since the Paris climate agreement was sealed in 2015, a report shows, despite m...
Oil giant Shell set to appeal against ruling on carbon emissions
Company hopes to get Dutch court ruling overturned which called for it to cut emissions fasterRoyal Dutch Shell has confirmed that it will appeal against the landmark Dutch court ruling calling for the oil giant to cut its carbon emissions faster.A c...
National Grid to lose Great Britain electricity role to independent operator
New controller will be part of overhaul to make the energy system ‘fit for the future’The government plans to strip National Grid of its role keeping Great Britain’s lights on as part of a proposed “revolution’” in the electricity network driven by s...
Green transport can only succeed with a greener grid
Analysis - UK power infrastructure needs a big upgrade to tackle a surge in electric vehicles and manufacturing of alternative fuelsThe challenge of decarbonising the UK’s roads, railways and flight paths will rely on harnessing the UK’s cleaner energ...
Shell and Scottish Power submit plans for floating offshore windfarms
Energy firms hope to produce world’s first large-scale floating turbines in north-east ScotlandRoyal Dutch Shell has joined forces with Scottish Power to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland....
Rising oil price may speed shift to electric vehicles, says energy watchdog
IEA analysis offers hope for climate action but says inflated oil price may slow global economic recovery from Covid-19Rising oil prices could help speed climate action by accelerating the shift to electric vehicles, but would come at the expense of ...
UK's first net zero emissions power plant planned
The plant at Wilton International on Teesside will capture and store carbon emissions offshore.
Shell issues £60 penalty after woman stops to breastfeed baby
The company allows customers at some of its petrol stations to park for a maximum of 15 minutesI have been sent a £60 parking penalty for spending more than 15 minutes in a Shell petrol station while I breastfed my 12-week-old baby.At the beginning o...
Even if Covid hits shares, we must not inflate another cheap-money bubble
The Delta variant is rattling markets. But the temptation to soothe them with quantitative easing must be resistedFalling share prices. Investors piling into the safe haven of bonds. Rising infection rates of the Delta variant of coronavirus. The eve...
How big oil keeps a grip on New Mexico – with the help of a major lobbyist
Records show the firm FTI and its fossil fuel clients benefit from local government tiesWhen Joe Biden paused oil and gas drilling leases on federal lands earlier this year, the alarm bells rang in south-eastern New Mexico. Continue reading......
Chancellor limbers up for bitter row over pension triple lock | Nils Pratley
Rishi Sunak says nothing is decided yet, but logic dictates it should be dropped this yearAbandoning the pension triple lock on state pensions, even for a single year, would guarantee a bitter row, so one can understand why the chancellor limbered up...
Global wind and solar power capacity grew at record rate in 2020
BP’s annual report reveals renewable energy boom in pandemic coincided with slump in demand for oilThe world’s wind and solar energy capacity grew at a record rate last year while the oil industry recorded its steepest slump in demand since the secon...
Payments firm Wise’s successful float is a relief after Deliveroo flop | Nils Pratley
Appetite for shares in the profitable money transfer outfit shows the City can bring off a big tech listingBlink and you missed it. The UK’s biggest tech flotation happened on Wednesday to about a hundredth of the pre-publicity generated by the overh...
Jim Ratcliffe’s Ineos backs ‘clean’ hydrogen fund planning UK float
Chemicals company to invest at least £25m in HydrogenOne Capital Growth as it targets green economyThe chemicals company owned by Sir Jim Ratcliffe has agreed to become a cornerstone investor in a new “clean” hydrogen fund that plans to list on the L...
SSE Airtricity increases NI prices by 9.7%
It is the second time this year NI's second biggest electricity supplier has raised its prices.
Gas supply crunch stirs fears of winter price hike in UK and Europe
Reserves in storage facilities at record lows while cost of imports from global market continues to riseA gas supply crunch in Europe has reignited fears over winter energy costs after market prices for the fossil fuel climbed to new highs across the...
Inaccurate gas and electricity bills criticised
The problem puts an extra strain on finances already affected by the pandemic, Citizens Advice says.