ISSN 2753-7757 (Online)

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Business management

Large vessel on calm sea, set against blue sky and white clouds

26/2/2025 News

BP pivots away from energy transition

BP has reset its corporate strategy in favour of production of oil and gas, and away from renewables. It has cancelled its target to reduce oil and gas production by 40% in 2030, is investing in new oil and gas projects, and cutting funding to its transition business. These changes come amid other cost-cutting actions.

Wind

Onshore wind farm on a hillside

28/5/2025 News

Construction starts on Strathy South wind farm but operator SSE still likely to miss 2030 renewables target

The good news: SSE has commenced construction of its 208 MW Strathy South wind farm in the Scottish Highlands. The not so good news: the project and others like it won’t be enough for SSE to hit its own 2030 renewables goal. Meanwhile, in Germany, Enercon has commissioned its latest onshore wind turbine design, claimed to be ‘one of the largest, most powerful and highest-yielding onshore turbines on the European market’.

Batteries

Exterior view of Northvolt gigafactory, Skellefteå, Sweden

19/3/2025 News

Northvolt’s collapse dents Europe’s battery ambitions

Sweden’s Northvolt, once heralded as Europe’s best hope of challenging the dominant Asian battery manufacturers, has filed for bankruptcy in Sweden. The company’s collapse is a significant setback for the European battery and electric vehicle (EV) sectors, highlighting the challenges of competing in a sector dominated by heavily subsidised competitors from China and the US.

Offshore wind

Aerial view of offshore wind turbine

14/5/2025 News

Ørsted hits pause on Hornsea 4 offshore wind project

Ørsted has paused the planned development of the Hornsea 4 wind project offshore the UK, stating that increased supply chain costs, higher interest rates, and rising construction and operational risks have made the project financially unviable in its current form.

Oil and gas

UK Prime Minister Rishi Sunak during speech

8/2/2023 News

Record fossil fuel profits raise calls for higher windfall taxes on Big Oil

Faced with record profits by BP and other fossil fuel majors, there are increasing calls for a rise in windfall taxes by hard-hit consumers, environmentalists and trade unions.

Business management

People sat around a table with woman leading a business meeting

23/11/2022 News

POWERful Women initiative announces higher ‘40 by 30’ target for female representation in UK energy

The POWERful Women (PfW) initiative has unveiled a new target and strategy to see women in at least 40% of middle management and leadership roles in the UK energy sector by the end of the decade. A coalition of energy leaders has pledged support for the industry-wide target to achieve a gender-balanced, diverse and inclusive industry that can meet the energy and skills challenges that lie ahead.

Business management

Head and shoulders photo of David Hesketh

2/6/2026 Comment / David Hesketh

The commission paradox: why energy consultancies struggle to monetise decarbonisation

Many energy consultancies are built around procurement commissions and recurring energy spend. But as clients pursue efficiency and decarbonisation, those commercial models are coming under increasing pressure. The firms that thrive will be those that find new operating models that monetise energy reduction rather than energy consumption, writes David Hesketh, Managing Director of Optimised Energy.

Diversity

Dr Nawal Al-Hosany sitting on IE Week stage talking to EI President Juliet Davenport

6/3/2024 Comment / Nick Wayth

Why we won’t deliver the energy transition without women leading the way

Writing ahead of International Women’s Day, Nick Wayth CEng FEI, CEO of the Energy Institute and POWERful Women board member, explains why women will be instrumental in leading the energy sector on the road to net zero.

Diversity

Minister of State Sarah Jones MP during speech

13/11/2024 News

Leading energy employers say pace of change to a gender-balanced industry needs to be accelerated

Statistics across the whole energy sector show that progress in promoting women to management positions has slowed.

Oil and gas

Artist's graphic of nodding donkeys set against a financial graph

16/8/2023 News

Declining supermajor profits reveal flaws in the oil and gas business model

Many oil and gas supermajors have reported falling revenues and slimmer profits for 2Q2023, stemming from a decline in global oil and gas prices. These financial results highlight flaws in the oil and gas business model, says the Institute for Energy Economics and Financial Analysis (IEEFA). Meanwhile, the estimated cost of decommissioning North Sea oil and gas infrastructure has risen to £40bn, says the North Sea Transition Authority (NSTA).

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