COP28 hosts back proposed additional Saudi oil cuts November 30, 2023 Saudi Arabia could cut oil production further thanks to the first stage of the OPEC+ group’s meeting this morning, supported by the UAE. The nation has won provisional backing for the move has made it contingent on other nations contributing to the cuts, measures that if not could jeopardise the agreement. The UAE, hosts of [...]
BP deepens solar stake with Lightsource in £254m outright buy November 30, 2023 BP has bought up full control of solar power developer Lightsource bp in a move demonstrating the former's ambitions outside of fossil fuels.
What is COP28 and why does it matter? November 29, 2023 The COP28 climate convention is unlikely to be far from the headlines over the next fortnight. City A.M. has broken down everything you need to know ahead of time.
COP28: Five things to watch out for as the global climate conference starts in Dubai November 29, 2023 While some cynics may look at it as a talking shop where not enough discussion leads to action, it does offer a chance for thought-leaders to co-ordinate.
London Metal Exchange looks to ‘strengthen’ its position after winning nickel case against Elliott November 29, 2023 A court has ruled in favour of the London Metal Exchange (LME) around its suspension of the nickel market mid-short squeeze last year.
Pennon Water hikes dividend and capital spending plans despite profit slump November 29, 2023 Pennon Water reported a 90 per cent drop in profit this morning but hiked its dividend as management remained confident about the group's outlook.
Harbour Energy continues to boost global footprint while targeting ‘material shareholder returns’ November 29, 2023 Harbour Energy has announced today it's targeting free cash flow of $1bn (£800m) in its current financial year.
Government ‘mixed messages’ put financial sector green progress at risk, MPs warn November 29, 2023 The financial sector’s progress towards net zero risks stalling due to “mixed messages” from the government on green issues, a group of MPs have warned.
UK faces ‘critical bottleneck’ on skilled jobs ahead of green transition November 28, 2023 The UK faces a “critical bottleneck” on skilled infrastructure jobs ahead of the green transition, an energy firm has warned.
Shell’s floating LNG plant to restart next month November 28, 2023 Shell is set to restart export operations at its giant floating LNG facility in Australia next month following an extended closure.