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Energy

  • Investors pocket record $1.56 trillion as oil and gas firms fuel dividend bonanza

    March 1, 2023

    Shareholders pocketed record dividend payouts last year in a bonanza driven by oil and gas firms cashing in on soaring energy prices, new research has revealed.

  • Gas markets plagued with uncertainty after Russia sanctions, IEA warns

    February 28, 2023

    The global gas balance remains fragile this year, with markets riven with uncertainty, warned the International Energy Agency.

  • Government subsidies for Octopus’ Bulb takeover unlawful, rivals tell court

    February 28, 2023

    The government granted unlawful subsidies to Octopus Energy to take over collapsed energy supplier Bulb - rivals told a major court.

  • UK risks falling behind in global net zero race if it lowers green ambitions, ex climate minister Skidmore warns

    February 28, 2023

    The UK risks falling behind rival countries in the "international net zero race" if it lowers its climate ambitions.

  • BP boss defends oil and gas spending and calls for ‘orderly’ green transition amid protests

    February 28, 2023

    BP boss Bernard Looney has called for an "orderly" transition to the renewable energy, defending the company's oil and spending.

  • Shapps looks to win US support for green energy projects in net zero race

    February 28, 2023

    Grant Shapps is hoping to sustain the UK’s role as a major player in the net zero race, and woo his US counterpart with joint projects.

  • Analysis: Britishvolt and the government are no longer together in electric dreams

    February 27, 2023

    The Britishvolt deal saves the firm and spares the government's blushes - but the UK is stuck at the drawing board for its EV ambitions.

  • Price cap: Government will ‘continue to help’ with high energy bills but falls short of fresh support packages

    February 27, 2023

    The government has stopped short of pledging fresh support - even with customers facing higher bills after today's price cap announcement.

  • Households face £900 hike to energy bills after Ofgem keeps price cap high at £3,280

    February 27, 2023

    Households face a painful hike to their energy bills, with support tapering off and the price cap remaining above £3,000.

  • Getting warmer: Have heat pumps finally cracked the mainstream market?

    February 27, 2023

    A price war for heat pumps was triggered last month, when British Gas owner Centrica unveiled a £3,000 product for households.

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