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02 Nov 26 |
UK: bp has completed the sale of a 65% stake in Castrol to Stonepeak bp has completed the sale of a 65% stake in Castrol to Stonepeak. bp is using the $6 billion in after-tax proceeds to further reduce financial obligations, in line with its first priority of strengthening the balance sheet. Castrol will now operate as a standalone company with its own management, governance and strategic priorities, and bp will retain a 35% stake. |
02 Nov 26 |
UK: BW ESS announces commercial operations of Hams Hall Battery Energy Storage System Global energy storage owner-operator BW ESS has announced the start of commercial operations for the first phase of its Hams Hall battery energy storage system (BESS) in the West Midlands. The milestone, achieved last week, brings 350 MW / 1,243 MWh of storage capacity into commercial operation; the largest BESS by storage capacity (MWh) in Europe and a significant step forward in the delivery of infrastructure supporting the UK’s transition to a cleaner, more resilient energy system. |
02 Nov 26 |
UK: Kistos announces acquisition of a 30% interest in the Abbey and Baker gas developments, UK Southern North Sea Kistos, an independent energy company focused on unlocking value within its existing portfolio and through value-accretive M&A, has announced that its wholly-owned subsidiary, Kistos Energy Limited, has entered into a binding farmout agreement with Petrogas North Sea to acquire a 30% non-operated working interest in the UK Seaward Production Licences containing the Abbey and Baker gas fields, together with a 30% interest in the associated infrastructure. |
02 Nov 26 |
UK: Serica Energy secures rig for multi-well UKCS drilling programme Serica Energy has signed a contract for an Odfjell Drilling operated rig the Beacon Pacific, to execute a multi-well UK Continental Shelf drilling campaign targeting high-return, near-field opportunities across Serica’s portfolio. |
01 Nov 26 |
UK: Coire Glas pumped storage hydro could support 3,000 UK jobs and £2bn of spending A new independent economic impact study has found that SSE's proposed Coire Glas Pumped Storage Hydro project in the Scottish Highlands could support almost 3,000 UK construction jobs at peak, deliver a near £2 billion spending boost with UK businesses, and generate £1.5 billion in UK economic value for the UK, if approved for delivery. |
01 Nov 26 |
UK: Major milestone as Secretary of State grants Development Consent Order for Sea Link Sea Link has secured a major planning milestone after the Secretary of State for Energy Security and Net Zero granted development consent for the project. The decision enables National Grid to move Sea Link into its next phase, helping meet the UK’s growing need for secure, home-grown and cleaner power. |
