Shell super-sizes dividend and ditches oil production cuts June 14, 2023 Shell will ditch a plan to gradually reduce oil production over the coming years and choose instead to “stabilise” production until the end of the decade. The bombshell announcement came in the same market update which revealed a 15 per cent dividend bump-up from the second quarter of this year. CEO Wael Sawan will also [...]
LNG fleets to overtake oil supertankers in global gold rush June 14, 2023 There will be more LNG ships than oil supertankers within the next five years, according to the latest findings from Global Data.
Time to target NHS in energy efficiency drive, says sustainability boss June 14, 2023 The government should encourage public sector bodies such as the NHS to ramp up energy efficiency measures, argues SDCL.
Three million smart meters not working as intended as government rollout stalls June 14, 2023 The government is facing challenges in meeting its latest smart meter rollout targets as suppliers, warns the NAO.
Government needs to do more to win over North Sea oil and gas firms wounded by windfall tax June 14, 2023 The government has made the North Sea's investment climate inhospitable for smaller oil and gas firms, warned a leading energy trade association.
Space-based solar farms could power millions of homes, suggests Shapps June 13, 2023 Space-based solar power could help tackle climate change, Grant Shapps said as he promised £4.3 million for research projects.
Anglian Water ad banned for leaving out history of sewage releases June 13, 2023 An ad for Anglian Water promoting its building of wetlands has been banned for failing to mention its history of releasing sewage into rivers.
British Gas boss secures £4.5m payout as Centrica wins over shareholders June 13, 2023 The hefty £4.5m proposed pay-packet for Chris O'Shea, the boss of British Gas owner Centrica, has been confirmed.
OPEC holds oil demand view steady despite economic growth warning June 13, 2023 OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday amid global economic uncertainty.
AMTE boss threatens to build £250m Dundee gigafactory overseas June 13, 2023 The boss of one of the UK’s last battery manufacturers, AMTE Power, has threatened to build its new planned factory overseas, should the UK fail to boost subsidies to levels competitive with the European Union (EU) and US. Allan Hollis, CEO of AMTE Power told the Financial Times that “for gigafactory-scale production, we have to [...]