Shell to pay £400m in windfall taxes this year after bumper first quarter earnings May 4, 2023 Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.
Total’s £21bn Iraq project expected to begin in two weeks, oil minister says May 4, 2023 Iraq and Total Energies expect to kick-start a long-delayed £21.5bn project within the next two weeks, Iraq's oil minister said.
Equinor beats forecasts with £9.5bn earnings as West scrambles to meet energy needs May 4, 2023 Norway's Equinor on Thursday posted a higher-than-expected profit for the first quarter, albeit well below last year's record levels.
Shell unveils £3.2bn share buyback programme after posting mega profits May 4, 2023 Shell has announced a £3.2bn ($4bn) share buyback pro gramme, after the energy giant posted bumper profits of £7.6bn for the first quarter.
Windfall tax will hurt UK’s climate ambitions, oil boss warns May 4, 2023 The windfall tax will make the UK more reliant on carbon-intensive imports to meet its energy needs - warned the boss of Ithaca Energy.
British Gas to stop using third party contractors to fit prepayment meters May 4, 2023 British Gas has announced it will stop using contractors to fit prepayment meters under court warrant - but will still use them.
National Gridlock: Octopus calls for queue jumping to meet energy goals May 4, 2023 Octopus Energy Generation has unveiled a five point plan to speed up connections for new renewable projects to the grid.
Oil dips below $70 per barrel as flagging US and Chinese economies weigh prices down May 3, 2023 Oil prices have fallen below $70 per barrel today, weighed down by growing concerns over the health of the US and Chinese economies.
‘UK simply hasn’t gone far enough’ to tackle cost issues for offshore wind – as Brits face extra £530m bill by 2030 May 3, 2023 The UK will fall short of the government's offshore wind targets this decade, with developers facing serious cost challenges for projects.
A green price to pay: Why offshore wind’s rising costs pose a challenge for renewables May 3, 2023 Offshore wind generation is now facing real cost challenges for building new turbines raising the prospect of higher prices.