QatarEnergy has made the first of the strategic partner selections for its prized North Field South project, with TotalEnergies pipping its peers to the bell.

The UK is at a crossroads. Inflation is surging, while its energy sector is facing major challenges driven by war-linked record high energy prices. Political risks are rising as a new sovereign, King Charles III, and a new Prime Minister, Liz Truss, take the reins. Energy policy making is in flux as the UK boosts low carbon and fossil fuel investment, while pursuing policies like price caps and windfall taxes, which undercut these goals. Geopolitically, the UK is navigating its post-Brexit future, while managing risks from China and Russia. Nonetheless, it will remain one of the world’s least risky producers and a transition leader.