UK will have to spend £9bn more in foreign gas if it fails to ramp up heat pumps June 8, 2023 A lack of government ambition in ramping up the installation of heat pumps, will force the UK to spend a further £9bn on extra gas imports.
Surfers Against Sewage urge government to crack down on raw sewage spills June 7, 2023 Surfers Against Sewage has called on the government and water industry to ensure there is accurate data for raw sewage releases.
Energy industry backs Ofgem’s net zero role in bid to ramp up renewables June 7, 2023 The energy sector has broadly welcomed the government's move to expand Ofgem's remit and legally require the watchdog help drive the UK towards net zero carbon emissions over the next three decades.
Oil, gas and LNG drives Trafigura to record £4.4bn half-year profits June 7, 2023 Trafigura posted a record net profit of £4.4bn ($5.5bn) in the first half of its 2023 financial year that ended in March.
Interview: Why Octopus Energy boss Greg Jackson is still powered up June 7, 2023 “I don’t have any amazing news to break,” admits Greg Jackson, the boss of one of the UK’s leading energy companies as he sits down for our interview – which is a surprise as Octopus Energy has been driving a raft of industry headlines in recent weeks. In the past month alone, it has wrapped [...]
Shell hits backs at advertising watchdog after it labels green campaign ‘misleading’ June 7, 2023 Shell has hit back at the UK's advertising watchdog after it upheld a complaint against its green energy campaign.
Oil prices flatline as Saudi Arabia fails to prop up prices with heavy cuts June 6, 2023 Oil prices have failed to take off following OPEC's decision to sustain heavy output cuts and Saudi Arabia's call to unilaterally slash production.
Labour government could deter investment in new energy projects, report warns June 6, 2023 Some $30bn (£24.2bn) of investment in new UK energy projects is at risk if Labour wins the next election, a top energy consultancy has warned.
Shell to ditch retail energy arm as suitors circle its 1.5m UK customers June 6, 2023 Shell has confirmed it has decided to exit its home retail energy businesses in the UK, Germany and the Netherlands.
Ofgem slaps SSE with £10m fine for overcharging National Grid June 6, 2023 Energy giant SSE is to pay a £9.8m penalty after breaching its generation licence, the industry regulator has announced.