Former Centrica boss in running to be next BP chair June 21, 2025 The former boss of multinational energy firm Centrica is among those in talks to be the next chairman of BP. Sam Laidlaw is being considered as a successor to Helge Lund, who announced he would step down from BP in April. Laidlaw is one of a number of prominent candidates in the running to chair [...]
Shell to face High Court trial over legacy oil pollution in 2027 June 20, 2025 Oil giant Shell will now face a full trial in London's High Court in 2027 over allegations it was legally responsible for legacy oil pollution in Nigeria
Ministers set to cut industrial energy prices for British manufacturers June 20, 2025 The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports. Proposals to make energy prices more [...]
Exclusive: Government admits fossil fuels use is cheaper than net zero technology June 19, 2025 The UK government has quietly admitted that using low-carbon technologies essential to the rapid drive to net zero are more expensive than when fossil fuels are used an energy source, City AM can reveal. Labour ministers are expected to double down on expanding the use of green technologies to lower costs as the Treasury and [...]
King Charles’ Crown Estate to invest £400m in offshore wind supply chain June 17, 2025 King Charles III’s property firm is to invest up to £400m of fresh capital into the UK’s offshore wind supply chain, it has been announced. The Crown Estate has earmarked £350m for investment into the construction of a new port and supply chain infrastructure it said would support “accelerated delivery of UK offshore wind projects.” [...]
Zelensky warns oil price surge could help Russia’s war efforts June 14, 2025 A sharp rise in global oil prices after Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Volodymyr Zelensky has said. The Ukrainian president told journalists in Kyiv that the surge in oil prices threatens Ukraine’s position on the battlefield, especially because western allies have not enforced [...]
Oil prices surge after Israel attacks Iran June 13, 2025 Oil prices spiked by more than nine per cent following Israeli strikes targeting Iran’s nuclear programme, in the most dramatic jump in more than three years. Meanwhile, the price of gold hit $3,427 – up 1.2 per cent during Asian trading hours. Israel launched strikes on Tehran early on Friday, rekindling fears of a full-scale [...]
Rolls-Royce: Shares in FTSE 100 firm jump on SMR news June 10, 2025 A division of Rolls-Royce has been selected to be the UK’s provider of small modular reactor (SMR) technology. Rolls-Royce SMR, which is co-owned by the FTSE 100 giant and Czech power company CEZ, has been successful in the Great British Nuclear (GBN) competition following a two-year process. Following the news, shares in Rolls-Royce rose on [...]
Energy services giant returned to profit before $1bn takeover June 9, 2025 A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m in [...]
Cut net zero and welfare spending instead of police budget, Tory MP blasts June 8, 2025 The shadow home secretary has slammed the Labour government amid mounting speculation police budgets are on the chopping block in Chancellor Rachel Reeves’ spending review. Chris Philp told the BBC’s Sunday with Laura Kuenssberg he believes police funding should be protected from cuts following concerns of a shrinking workforce. “I think I’m very concerned that [...]