Apollo spikes £1.7bn Wood Group takeover bid May 15, 2023 Apollo Global Management has today confirmed that it does not intend to make a £1.7bn takeover offer for the oil and gas engineering giant, John Wood Group. The firm said this morning that it “does not intend to make an offer for Wood.” Shares dropped by 35 per cent this morning, from 219p to 140p. [...]
National Grid needs ‘tens of billions’ to hit net zero goals, boss warns May 14, 2023 UK's electricity network needs tens of billions of pounds of investment to hit net zero goals, says National Grid boss John Pettigrew
UK looks to butter up NIMBYs with energy bill discounts for supporting new onshore wind May 11, 2023 Households living near prospective onshore wind turbines could be offered lower energy bills in exchange for supporting new projects.
John Wood Group’s revenues rise as Apollo deal deadline looms May 11, 2023 John Wood Group said on Thursday its quarterly revenue rose on the back of a steady demand across its business units.
High power prices boost Engie earnings in first quarter May 11, 2023 French energy company Engie on Thursday reported a rise in first-quarter earnings, buoyed by high European power prices.
BNP Paribas stops financing new oil and gas fields in green clampdown May 11, 2023 BNP Paribas has announced it will no longer provide any financing dedicated to new oil and gas fields as it shifts to a net zero world.
UK needs a strategy to develop home-grown battery industry before it’s too late, tech boss warns May 11, 2023 The UK government must continue to support the creation of a British battery industry, a senior tech boss has warned.
Households could be offered competitive deals again as price cap eases May 10, 2023 Households could benefit from the prospect of fixed tariffs below the price cap, predicts energy specialist Cornwall Insight.
Sunak backs North Sea oil and gas sector in grilling over Rosebank field May 10, 2023 Prime Minister Rishi Sunak has backed continuing North Sea oil and gas production, arguing that the UK still needs fossil fuels.
Wind power makes more electricity than gas for first time ever in a quarter May 10, 2023 The UK’s growing fleet of wind turbines generated more electricity than gas-fired power stations in the first three months of this year.