Tag - North Sea oil and gas

Wie Israel und Iran die AfD spalten
Listen on * Spotify * Apple Music * Amazon Music Die AfD gibt sich gern israelfreundlich – doch in der Realität zeigt sich ein zerrissenes Bild. In dieser Folge analysiert Gordon Repinski gemeinsam mit Pauline von Pezold, wie sehr die Fraktion beim Thema Israel-Iran-Krieg gespalten ist: Ost gegen West, Weidel gegen Chrupalla, außenpolitische Linie gegen diffuse Statements. Im 200-Sekunden-Interview versucht Markus Frohnmaier, außenpolitischer Sprecher der AfD, die Gratwanderung: Ja zur Sicherheit Israels, aber Nein zu konkreten Angriffen? Den Artikel von Frederik Schindler von WELT lest ihr hier.Außerdem: Deutschland und die Niederlande starten Gasbohrungen im Wattenmeer – ein Projekt, das unter Habeck blockiert war. Nun kommt Bewegung rein – unter anderem dank Friedrich Merz und Katherina Reiche. Informationen zum POLITICO PRO Newsletter Industrie & Handel und ein kostenloses Probe-Abo gibt es hier. Das Berlin Playbook als Podcast gibt es morgens um 5 Uhr. Gordon Repinski und das POLITICO-Team bringen euch jeden Morgen auf den neuesten Stand in Sachen Politik — kompakt, europäisch, hintergründig. Und für alle Hauptstadt-Profis: Unser Berlin Playbook-Newsletter liefert jeden Morgen die wichtigsten Themen und Einordnungen. Hier gibt es alle Informationen und das kostenlose Playbook-Abo. Mehr von Berlin Playbook-Host und Executive Editor von POLITICO in Deutschland, Gordon Repinski, gibt es auch hier:   Instagram: @gordon.repinski | X: @GordonRepinski.
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Harbour Energy blames ‘punitive’ taxes as it moves to cut hundreds of jobs
LONDON — Harbour Energy plans to slash hundreds of jobs in the U.K. and will review its investment in a major carbon capture and storage project, the firm announced Wednesday. The giant North Sea oil and gas producer blamed the row-backs on the government’s tax regime, as it revealed it has launched a review of U.K. operations. Two hundred and fifty jobs are expected to go across its Aberdeen offices, Harbour said in a statement. “The review is unfortunately necessary to align staffing levels with lower levels of investment, due mainly to the government’s ongoing punitive fiscal position and a challenging regulatory environment,” said Scott Barr, managing director of Harbour’s U.K. business. The company also said it was “reviewing the resourcing required” to support the Viking carbon capture and storage project. Progress on Viking had been “hindered by repeated delays to the government’s track 2 process,” Harbour said. Harbour’s latest financial results, published in March, showed a swing from earnings of $45 million (£33 million) in 2023 to losses of $93 million (£70 million) in 2024. Shadow Energy Secretary Andrew Bowie described the developments as “devastating” for north-east Scotland. “This must be seen as a pivotal moment for the future of British oil and gas. The utter insanity of Labour’s policies on the North Sea. Jobs lost, imports doubled, our country less secure. Urgent change of course required,” he wrote on social media platform X. A Downing Street spokesperson said: “It’s a commercial decision for that individual company, and I think they’ve made clear that there have been significant pressures from global inflation and supply chain issues in relation to [the] industry. We are committed to working with them to get that project back on track.”
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How Britain can escape Trump’s tariffs: Buy American gas
LONDON — Britain hopes to keep out of Donald Trump’s global trade war. But persuading the unpredictable United States president not to clobber British imports with his punitive tariff regime won’t be easy. As Trump threatens to slap tariffs on friendly countries like Canada and insists he’ll also hit the European Union, officials in London are mulling ways to avoid taking a hit of their own.  Trump insisted Sunday night that a deal to spare Britain “can be worked out.” So could buying more American gas do the job? It’s a plan — alongside a potential boost in British arms imports from the U.S. — now being talked up in Westminster as a way to curry favor with the commander-in-chief. “We are going to have to get gas from somewhere if we are producing less in the North Sea,” former Energy Secretary and U.K. Chancellor Kwasi Kwarteng told POLITICO, referring to the fast-depleting reserves off the U.K. coast.  Until more nuclear power comes online, “the U.S. is the natural place to go,” Kwarteng argued. “The only other options are Qatar or Russia — and we’re not going to get it from there.” This sort of pivot could land well with Trump, who is already trying to order around the EU on fossil fuels. “The one thing they can do quickly is buy our oil and gas,” Trump said, when asked how the bloc could avoid threatened tariffs.  He has also moved to scrap a Joe Biden-era freeze on permits for new liquefied natural gas (LNG) drilling projects — a process by which gas is cooled into a liquid and shipped across the world before being converted back to gas. One former U.K. energy department figure — granted anonymity to speak freely — agreed a deal could be possible, pointing out the U.K. made similar arrangements following Russia’s invasion of Ukraine. That resulted in U.S. LNG ramping-up to 26 percent of total U.K. energy imports. “Better to buy from the States than Qatar,” they said, echoing Kwarteng. “Something Trump wants is for the U.K. and European countries to increase their purchases of U.S. energy, which could be [used as] a bargaining chip,” agreed Maxime Darmet, a senior economist at Allianz Trade.   Matthew Oresman, partner at the international law firm Pillsbury, said: “That’s an area where there’s a U.K. need, and a U.S. desire and U.S. supply … which could be part of that bridge-building.” Donald Trump has also moved to scrap a Joe Biden-era freeze on permits for new liquefied natural gas (LNG) drilling projects. | Chris McGrath/Getty Images “I think there are going to be a number of bargains that the U.K. might need to put on the table,” Labour MP and Business and Trade Committee Chair Liam Byrne said.  Trump is a “very transaction-focused politician,” Byrne said, adding: “LNG purchases could be one thing the U.K. could offer to do.” GREEN GRUMBLES OVER GAS GUZZLING  More gas imports will surely prove controversial with the North Sea oil and gas sector, already frustrated by the government’s toughened tax regime and its moves to ban new fossil fuel licenses in British waters.  But dependence on U.S. LNG will only “increase as time goes on” as domestic output falls during the next decade, predicted Glen Bryn-Jacobsen from National Gas. LNG also pollutes more heavily than domestically-sourced gas — due to the regasification process and shipping — so stepping up imports could all create yet another Whitehall row between growth hawks and greenies. Ana Maria Jaller-Makarewicz, lead energy analyst, Europe, at the Institute for Energy Economics and Financial Analysis, argued the U.K. should be ramping up domestic clean energy as an alternative. “Instead of committing to more LNG imports, risking increasing potential emission impact, the U.K. should continue reducing gas demand by scaling up renewable energy and deploying heat pumps,” she said. “We should be doing everything we can to reduce our reliance on gas,” said Liam Hardy, head of research at the Green Alliance think tank. He added: “If we must import gas, doing this by pipeline from Norway leads to much lower emissions than shipping it from the United States.”  Those concerns are unlikely to get much of a hearing in the White House, though, where Trump has pledged to “drill, baby, drill.” He signed an executive order vowing to withdraw the U.S. from the Paris Accord, a key agreement for pursuing global climate action, the evening of his inauguration.  Speaking of his dealings with the Trump administration during his first term, Kwarteng said: “They were very ideological. We were very keen to decarbonize at the time. The U.S. had no truck with that at all. Their priorities were divergent, even if we got on well with his personal interlocutors.” JET DIPLOMACY It’s not only energy imports where Whitehall’s attention is turning in the era of Trump’s trade war. The U.K. may also look to buy more U.S. defense exports to pacify Trump and avoid future tariffs. One defense industry figure, granted anonymity to speak freely, said further British orders of the American-made F-35 fighter jets could now be in play. U.S. LNG ramped-up to 26 percent of total U.K. energy imports. | Mario Tama/Getty Images The U.K. has to date ordered 48 of the fighter jets, after originally promising to buy 138 in 2015. But there has been doubt about reaching this figure due to Britain’s efforts to build new stealth jets with Italy and Japan as a part of the Global Combat Air Program (GCAP). Trump’s return to the White House may change the government’s thinking. A senior Whitehall figure said when it came to purchasing more American F-35s “everything was on the table” as a part of the U.K.’s ongoing defense review. The British government has been strategizing for months on how to convince the president not to slap tariffs on British goods. Sam Lowe, trade expert at Flint Global, said one of the most difficult scenarios for Starmer would be a demand from Trump to buy more U.S. food products — particularly beef or chicken. Lowe said this would “require regulatory change” and result in a “big fight with farmers.” This was a serious block to a trade deal in Trump’s first term as it would require the British government to accept U.S. food safety standards and legislate to allow practices like hormone-treated beef or chlorine-washed chicken on supermarket shelves. Starmer has already said this is a red line his government will not cross. But in a new world defined by Trumpian deal-making, the risk of tariffs may yet concentrate minds in Whitehall. This article has been updated. Graham Lanktree contributed to this report.
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UK push for North Sea oil and gas drilling was unlawful
LONDON — The Scottish High Court quashed decisions by the British government to approve drilling in two vast North Sea oil and gas fields after legal challenges from environmental campaigners. Fresh decisions on whether to drill in the two fields, Rosebank and Jackdaw, will now have to be made by regulators and Energy Secretary Ed Miliband, whose Labour administration succeeded the Conservatives who pushed the initial decision. Greenpeace and anti-fossil fuel group Uplift presented three legal challenges against the two fields in Edinburgh’s Court of Session last November. Rosebank is a joint venture between oil and gas giants Equinor and Ithaca, while Jackdaw is owned by Shell. In a decision handed down Thursday, the judge, Andrew Stewart, determined the initial approvals were unlawful, as they did not consider carbon emissions from the use of oil and gas produced at both prospective sites — so-called downstream emissions. His opinion said: “The public interest in authorities acting lawfully and the private interest of members of the public in climate change outweigh the private interest of the developers. “The factors advanced by Shell, Equinor and Ithaca in respect of their private interest do not justify the departure on equitable grounds from the normal remedy of reduction [quashing] of an unlawful decision.” It follows the U.K. Supreme Court ruling last June that environmental impact assessments had to include this information on an oil well project in Surrey, setting a new precedent for developers. The future of both fields will now be decided by Energy Secretary Miliband and the Department for Energy Security and Net Zero. The projects will also go through the regulatory process again, including assessments from the North Sea Transition Authority, before Miliband makes a final call. The Labour government has banned issuing new oil and gas licenses in the North Sea. Ministers accepted that approving Rosebank and Jackdaw were unlawful on environmental grounds and withdrew from the case before today’s verdict. A Department for Energy Security and Net Zero spokesperson said: “We will respond to this consultation as soon as possible and developers will be able to apply for consents under this revised regime. “Our priority is to deliver a fair, orderly and prosperous transition in the North Sea in line with our climate and legal obligations, which drives towards our clean energy future of energy security, lower bills, and good, long-term jobs.”
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