A press notice sent to Rigzone by the UK Department for Energy Security and Net Zero (DESNZ) team announced that legislation for Britain’s new publicly owned energy company, Great British Energy, has passed through Parliament. The press notice stated that the Great British Energy Bill received legislative consent from all three devolved governments, adding that it is first bill to do so under this parliament. Great British Energy will invest in clean power projects across the UK as part of the government’s Plan for Change to become a clean energy superpower, DESNZ’s press notice stated. The press notice also pointed out that Great British Energy is backed by GBP 8.3 billion ($11.02 billion) over the course of this parliament and noted that the company “will speed up the delivery of strategic energy projects and invest alongside the private sector to get new technologies like floating offshore wind up and running as part of the government’s modern Industrial Strategy”. In the press notice, UK Energy Secretary Ed Miliband said, “Great British Energy comes from a simple idea – British people should own and benefit from our own natural resources”. “We are giving people a stake in clean energy and delivering profits for the British people,” he added. “As part of our Plan for Change, this will make us a clean energy superpower and help bring down energy bills for good,” he continued. Great British Energy Chair Juergen Maier said in the press notice, “Great British Energy was created to ensure British people reap the benefits of clean, secure, homegrown energy”. “We now have full backing to scale up the company, crowd in investment, and back clean energy projects across the country,” he added. The press notice stated that the Energy Secretary will soon outline Great British Energy’s strategic priorities, “including which

Enbridge Inc. and a partnership of 36 First Nations in British Columbia have inked a deal for the Indigenous groups to acquire a 12.5 percent ownership in a natural gas pipeline with a capacity of 3.6 billion cubic feet a day (Bcfd). Stonlasec8 Indigenous Alliance Limited Partnership will invest CAD 715 million ($512.75 million) in the Westcoast pipeline, which stretches over 2,900 kilometers (1,801.98 miles) from Fort Nelson in northeast BC and Gordondale near the BC-Alberta border to the Canada-US border. Westcoast, also known as the BC Pipeline, supplies BC and the Lower Mainland, Alberta, as well as the U.S. Pacific Northwest.  “This transaction provides an opportunity to build on our existing relationships with Indigenous communities and help advance reconciliation”, Enbridge executive vice president Cynthia Hansen, who is also president for gas transmission and midstream, said in an online statement. Previously Enbridge made one divestment and formed three partnerships as part of its Indigenous reconciliation program launched 2022. These consist of the sale of the Plaza/Wabek Pipeline in North Dakota to the MHA Nation, the Wabamun Carbon Hub emission sequestration partnership in Alberta, the Seven Stars Energy clean power partnership in Saskatchewan and the Athabasca Indigenous Investments Partnership, according to a progress report published by the company March 28, 2025. “Enbridge’s Westcoast pipeline system is a legacy asset that has operated within our traditional territories for over 65 years. Now, our Nations will receive sustained economic benefits from this asset, funding critical investments in housing, infrastructure, environmental stewardship, and cultural preservation”, commented David Jimmie, president and chair of Stonlasec8 and chief of the Squiala First Nation. “People often ask what economic reconciliation for Indigenous Peoples looks like. This is it”. Enbridge president and chief executive Greg Ebel said, “This transaction is one of several such partnerships we have undertaken in the last several years and

Eni SpA has put onstream the Merakes East field in the offshore part of the Kutei Basin in Indonesia, expecting net natural gas production of 100 million standard cubic feet a day (MMscfd) or about 18,000 barrels of oil equivalent per day (boed). The tieback project is in the East Sepinggan block, operated by the Italian state-controlled energy major with an 85 percent stake. Indonesia’s state-owned PT Pertamina owns 15 percent. Merakes East has a water depth of 1,600 meters (5,249.34 feet). It sits about 10 kilometers (6.21 miles) from the Merakes field, which Eni put online 2021. Merakes East and Merakes are tied back to the Eni-operated Jangkrik Floating Production Unit (FPU), which is about 50 kilometers away, according to Eni. After being processed on the FPU, the gas will be transferred via a pipe network to be supplied to the domestic market and PT Badak LNG’s Bontang liquefaction plant, whose output is for both domestic and international markets, Eni said. “The start-up of Merakes East is another important step of Eni’s broader strategy to valorize the considerable gas resources held in Indonesia’s prolific Kutei Basin”, it said in an online statement. “Over the last few years, following significant exploration successes and acquisitions, Eni has positioned itself as the main operator of the Kutei basin and one of the key players in Indonesia’s gas market; the company expects to produce up to 2 BCFD [billion cubic feet a day] of gas and 90,000 bopd of condensate with the start-up of the North Hub and the Gendalo-Gandang fields”, Eni added. Gendalo and Gendang are part of the Ganal Production Sharing Contract (PSC). Ganal PSC is part of the Indonesia Deepwater Development project (IDD). In 2023 Eni acquired Chevron Corp.’s operated stakes in IDD blocks Ganal and Rapak, as well as the

Energy minister Michael Shanks has pledged to put solar panels on “every possible rooftop right across the country”. “If there is a rooftop that we can put solar panels on, we are keen to do so,” Shanks told the Commons, as he claimed the public are in support of solar. The government announced plans to create “solar carports” earlier this month, with supermarkets, offices and shopping centres required to install solar panels over their car parks. Housebuilders will also be forced to fit solar panels to all new properties by 2027, under government plans. Speaking during the debate on solar panels, Shanks told the Commons: “Rooftop solar, as many members have raised, is important. This isn’t an either or, we do see a real opportunity to put solar on every possible rooftop right across the country. “We have announced that in terms of new homes, we have announced their ambition in terms of industrial buildings, and just recently, we launched a consultation or a call for evidence on car parks as well. “If there is a rooftop that we can put solar panels on, we are keen to do so. But there will, of course, also be a role to play for ground-mounted solar as well. “I finally on this point want to say that the public, of course, also support this. “And many members opposite have said that they have done their own surveys where, funnily enough, it gets the result that they are hoping to get. But 88% in the most recent poll of people said that they support solar, and that figure has never dipped below 80%. “So there is a question here about balance, which I have said in this House on a number of occasions, and I will say again: we want to build a

WASHINGTON – The Department of Energy (DOE) today announced new actions to increase accountability and promote responsible stewardship of American taxpayer dollars. In a Secretarial Memorandum entitled, “Ensuring Responsibility for Financial Assistance,” U.S. Secretary of Energy Chris Wright outlined DOE’s policy for evaluating financial assistance on a case-by-case basis to identity waste of taxpayer dollars, protect America’s national security and advance President Trump’s commitment to unleash affordable, reliable and secure energy for the American people.  “Over the past 110 days, the Energy Department has been hard at work reviewing the billions of dollars that were rushed out the door, particularly in the final days of the Biden administration, and what we have found is concerning,” said Secretary Wright. “With this process, the Department will ensure we are doing our due diligence, utilizing taxpayer dollars to generate the largest possible benefit to the American people and safeguarding our national security. Any reputable business would have a process in place for evaluating spending and investments before money goes out the door, and the American people deserve no less from their federal government.” To comply with the Secretary’s memorandum, the DOE has begun requesting additional information needed to evaluate 179 awards. These awards total over $15 billion in financial assistance. DOE is prioritizing large-scale commercial projects that require more detailed information from the awardees for the initial phase of this review, but this process may extend to other DOE program offices as the reviews progress. Full Policy Memorandum is below: Secretarial Policy on Ensuring Responsibility for Financial Assistance It is the policy of the Department of Energy (DOE) to ensure that financial assistance award recipients and the individual projects are, among other things, financially sound and economically viable, aligned with national and economic security interests, and consistent with Federal law and this Administration’s policies and priorities

Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program, a move that could unleash more supplies onto a market that is rapidly approaching a glut. Brent fell more than 2% to settle below $65. US crude futures also slid. If all sanctions on Iran are lifted, a flood of crude could hit global markets, analysts estimated. The development adds further gloom to a market that is already swimming in additional supplies after OPEC+ revived output at a faster pace than anticipated and trade talks between the US and major consuming nations cloud the demand outlook. “Trump wants a deal with Iran as he continues to pursue lower oil prices,” Vikas Dwivedi, Macquarie’s global oil and gas strategist, said in an interview. “The conversation is trending towards a deal that could be reached as soon as this year.” Dwivedi expects that an agreement could boost oil supplies between 200,000 and 300,000 barrels a day. Already, Iranian oil exports have grown, reaching around 1.7 million barrels a day in April, he added. Though Trump told reporters in Doha that a deal was close, his latest rhetoric was more optimistic than that of Iran. Its lead negotiator, Foreign Minister Abbas Araghchi, on Wednesday urged the US to come to the next round of Oman-mediated talks with a “more realistic” approach. The date and location for those is yet to be decided. “In less than 24 hours, the narrative has shifted from the US imposing new sanctions on Iran to growing speculation that a diplomatic breakthrough may be within reach,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management. “If a deal is concluded, it would increase the likelihood of a significant oversupply later this year,