Energy News

Japanese industrial giant Mitsubishi has agreed to invest £100 million in a new offshore wind turbine project that could create hundreds of UK jobs.

Energy firm Drax says the government must provide "regulatory certainty" if it is to go ahead with a £2 billion project to build three new biomass power plants in the UK.

Britain's offshore oil and gas reserves could last well into the next decade, provided the industry receives sufficient investment to extract them, a new report suggests.

Oil prices could rise as high as $95 (£61.44) a barrel this year as global economic growth begins to pick up, according to analysts at Goldman Sachs.

A newly-discovered gas field boasting reserves worth $85 billion (£55 billion) will allow the National Iranian Oil Company to boost its gas production by 50 million cubic metres a day, the company's director has said.

Total chief executive Christophe de Margerie says the French oil giant is interested in investing in Iran in the future.

Royal Dutch Shell and Kuwait Oil Company have agreed a five-year deal to develop natural gas fields in the country as it seeks to meet growing energy demand.

Plans are afoot for a discreet sale of various Royal Dutch Shell assets, including North Sea oil fields, the Times claims.

The UK has the potential to become a leader in low-carbon technologies as the race to reduce emissions and deliver energy security continues, an expert has claimed.

Plans to increase Britain's gas storage capacity have been revealed by the government.