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Energy

  • UK energy sector M&A activity rises to £10bn this year despite economic gloom

    August 2, 2023

    A flurry of business activity saw nearly £10bn of M&A deals powered by the energy sector in the first six months of 2023, according to PWC.

  • Drax hits back at claim it cut production at biomass unit to avoid £639m customer payout

    August 2, 2023

    Drax has been accused of shutting down production at one of its biomass generators to avoid returning money to customers.

  • What next for oil prices as US stockpiles slip and hope of China rebound rises

    August 2, 2023

    Oil markets are benefitting from robust demand, with trading on both major benchmarks at a near four month-high.

  • Shapps: UK will still meet ‘net zero’ targets despite oil and gas licences

    August 2, 2023

    Energy security secretary Grant Shapps has insisted the UK will “still meet our net zero targets” despite new oil and gas licences.

  • Shapps to meet energy chiefs over government’s green energy goals

    August 2, 2023

    Grant Shapps will encourage energy chief to outline their plans to bolster the country's supply security today.

  • BP is giving back to its shareholders – but is it giving back to the UK?

    August 1, 2023

    Energy giant BP ensured its first priority was its shareholders today, sustaining buybacks for investors even as profits started to slide.

  • Gold demand propped up by record central bank buying

    August 1, 2023

    Gold demand has been bolstered record buying from central banks over the first six months of trading this year.

  • Green investor Andrew Forrest threatens to quit UK after Sunak pledges new oil and gas

    August 1, 2023

    A major green technology investor has threatened to take his money out of the UK, after the government announced fresh oil and gas licensing.

  • BP suffers second-quarter downturn but profit still tops £2bn

    August 1, 2023

    Weaker refining margins and falling oil and gas prices has weighed down BP's profits in the second quarter of 2023.

  • Trade bodies back government’s embrace of North Sea oil and gas industry

    August 1, 2023

    Trade bodies across the energy industry has welcomed the government's decision to support the North Sea's oil and gas sector.

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