Harbour Energy blames windfall tax for scrubbing out profits as it confirms heavy jobs cuts May 10, 2023 Harbour Energy confirmed it expects to cut hundreds of jobs in the UK ahead of today's AGM, following the effects of the windfall tax.
Enough windfall taxes: We need oil and gas to go green May 10, 2023 The UK will need oil and gas for decades to come - despite renewables' progress- making calls for toughened windfall tax dubious.
UK risks dropping green energy lead by failing to respond to Biden’s $400bn package, Johnson Matthey chief warns May 10, 2023 The head of one of Britain’s largest manufacturers has warned Prime Minister Rishi Sunak that he risks squandering the country’s lead in clean energy production by failing to respond to US President Joe Biden’s $400bn (£317bn) green stimulus package. Liam Condon, chief executive of Johnson Matthey, told Sky News it has intellectual property which could [...]
Thames Water boss to forgo bonuses as dividend scrutiny on suppliers intensifies May 9, 2023 The boss of Thames Water will forgo performance related pay this year, with the supplier's turnaround plans still behind schedule.
Suncor Energy’s profits beats estimates on strong demand and tight supplies May 9, 2023 Suncor Energy has reported better-than-expected first-quarter profits, helped by steady demand for energy amid crimped global supplies.
God vs Big Oil: Church of England loses faith in Shell’s climate plans ahead of AGM May 9, 2023 The Church of England will vote to oust Shell's chief executive Wael Sawan and chairman Sir Andrew Macenzie.
Saudi Aramco’s profits slide to £25bn as world’s largest energy company is dragged down by lower oil prices May 9, 2023 Saudi Aramco reported a clear dip in earnings over the first three months of the year, blaming lower global oil prices for reduced profits.
Green push: Canary Wharf to get its own private windfarm May 9, 2023 Real estate titan Canary Wharf Group has teamed up with Brookfield, to support a new wind farm in the UK and procure clean energy.
Penny Mordaunt accused of letting politics ‘get in the way’ in ongoing Aquind row May 4, 2023 Emotions in Portsmouth are certainly running high. In the latest development of an ongoing row, local MP Penny Mordaunt lashed out at Alexander Temerko, director of Aquind – a company who’s proposal to build a power cable between France and England was rejected by the government in 2022. After stressing her security credentials, Mordaunt said: [...]
Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices May 4, 2023 Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.