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Energy

  • Labour slams Rishi Sunak’s plans to boost North Sea oil and gas

    July 31, 2023

    Rishi Sunak's energy policies are "weak and confused" and will "not take a penny off bills", said shadow climate secretary Ed Miliband.

  • Government backs carbon capture and storage to meet net zero goals and boost North Sea industry

    July 31, 2023

    The government has announced the latest winners of its carbon capture and storage approval process.

  • Why the windfall tax is here to stay after today’s bombshell oil and gas announcements

    July 31, 2023

    The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.

  • Sunak bids to woo North Sea industry with hundreds of new oil and gas licences

    July 31, 2023

    Sunak has pledged hundreds of new oil and gas licences, two new carbon capture clusters and review on the sector's tax regime

  • Ofgem risks losing public trust after British Gas’ profit bonanza

    July 31, 2023

    Four years of heavy losses and instability in the energy industry were upended last week when British Gas posted record profits.

  • Government must turn nuclear energy ‘wish list’ into a strategy, MPs warn

    July 31, 2023

    Government plans to revive the country’s nuclear ambitions are more of a ‘wish list’ than a strategy, warned a leading Westminster panel.

  • Ovo exits parent firm in founder Stephen Fitzpatrick’s latest reshuffle

    July 31, 2023

    Big Six energy supplier Ovo has cut ties with its long-standing parent company Imagination Industries, according to its latest results.

  • Oil prices rally due to revived hopes of Chinese demand amid Opec cuts

    July 30, 2023

    Oil prices have recorded five straight weeks of gains with investors seemingly convinced markets will tighten.

  • Prime Minister Rishi Sunak to meet energy leaders ahead of new pledges

    July 30, 2023

    Prime Minister Rishi Sunak and energy security secretary Grant Shapps will meet industry leaders from across the energy sector.

  • Ofgem pledges energy supplier profit bonanza will be a ‘one off’

    July 27, 2023

    The mega profits unveiled by energy retailers this week are a one-off, pledges market watchdog Ofgem after a bumper week of earnings.

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