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.
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.
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.