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Energy

  • Exxonmobil bets £791m on UK oil sector as other operators pull back

    April 8, 2024

    Exxon's bet on diesel appears contrary to a wider trend amongst its petrogiant peers.

  • UK ‘still going backwards’ as it scores three out of ten on energy security pledges

    April 8, 2024

    The research contends that the government has failed outright on four of its targets set out in 2022 and only partly progressed three more.

  • European Green Transition hits London Stock Exchange on rare metal hopes

    April 8, 2024

    The self-described ‘green economy asset developer carries a market capitalisation of £14.5m.

  • Trading house Vitol reports another bumper year of profit on higher gas trading volumes

    April 8, 2024

    Russell Hardy, the group's chief executive noted in a statement last month that the energy markets have become "ever more important and ever more complex."

  • Thames Water explores radical restructuring plans in fight for survival

    April 7, 2024

    Embattled Thames Water is reportedly exploring radical plans to avoid collapse as the company and its lenders pay City advisors millions of pounds a week to work out a turnaround plan and find a way to repay its massive debts.

  • Is the London Stock Exchange’s golden age of mining over?

    April 6, 2024

    Glencore and Anglo American come immediately to mind when one considers the recent struggles for London miners.

  • Thames Water default: What’s next for the company now it can’t officially pay its debts?

    April 5, 2024

    Is Thames Water edging closer to a Bulb-style government bailout?

  • Commodity traders still made bank last year despite calmer markets

    April 5, 2024

    Global commodity trading generated more than £79bn in earnings before taxes (EBIT) in 2023.

  • Thames Water’s parent company defaults on £400m loan and asks creditors to ‘take no action’

    April 5, 2024

    Consultancy firm Alvarez & Marsal is advising the embattled water firm in talks regarding its debt structure with its creditors.

  • Nuclear start-up Newcleo submits first reactor design for a decade

    April 5, 2024

    Newcleo's chief said the submission marked an "important milestone" in the firm's development programme.

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