Sea Oil

Conservative leader expected to call for government to lift suspension on licences in drive to reduce energy pricesKemi Badenoch is “peddling a dangerous fantasy” about North Sea energy in her attempt to reverse a ban on new oil and gas licences, a leading campaign group has said.The Conservative leader is expected to call on the government to lift its suspension of the licences as part of a drive to reduce energy prices, as the party launches a new campaign aimed at boosting the fossil fuel sector. Continue reading...

Australian counterterrorism experts observe December shooting came amid years of messaging from terror group urging followers to act ‘on their own initiative’Get our breaking news email, free app or daily news podcastThe Bondi beach terror attack occurred amid an international spike of anti-western plots in December last year that appeared to be “inspired or instigated” by Islamic State, a new report has found, with many of them targeting holiday events such as Christmas markets.In research published by the West Point Combating Terrorism Center in its publication Sentinel on Thursday, Australian counterterrorism experts Andrew Zammit and Levi West examined Islamic State’s strategic shifts and jihadi tactics in Australia prior to the alleged antisemitic terrorist attack. Continue reading...

GB Energy chief Jürgen Maier says boost could bring economic benefits amid energy cost crisis and actually help transition from fossil fuelsThe head of the UK’s national green energy champion has joined other high-profile renewable energy leaders in making the case for more North Sea oil and gas production as the government braces for an energy cost crisis.GB Energy boss Jürgen Maier used a social media post on LinkedIn to reject the claim that more North Sea oil and gas could help to bring down energy costs which have soared as the war in Iran has escalated. Continue reading...

Government emphasises need to ‘get off the rollercoaster of fossil fuel markets’ in response to Offshore Energies UKThe UK government has dismissed a warning from an energy trade body that failing to produce more homegrown North Sea oil and gas will leave the UK increasingly reliant on imports at a time of rising global instability.The industry group, Offshore Energies UK, has said the UK “urgently” needs a greater supply of domestically produced energy or consumers will be left “more exposed to global volatility and higher emissions”. Continue reading...

Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefitThe Trump administration has issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the US-Israeli war on Iran, US treasury secretary Scott Bessent said.It is the third time the US has temporarily waived sanctions in about two weeks. Continue reading...