German government to guarantee £6.5bn Siemens Energy rescue package November 14, 2023 Siemens Energy is set to receive a €15bn rescue package, underwritten by the German government.
UK falls out of top five renewable energy investment markets… again November 14, 2023 The UK has dropped out of the top five most attractive countries for renewable energy investment, according to consultancy firm EY.
Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty November 14, 2023 Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.
Thames Water hit with £73m penalty over pollution and leakages November 14, 2023 Thames Water has been ordered to pay £73.7m back to customers after the UK's water regulator found it had failed to reduce pollution and tame leakage problems.
Glencore swoops in to buy 77 per cent of Canadian miner Teck in £5.65bn deal November 14, 2023 Japan's Nippon Steel will pay $1.7 billion and swap its interest in one of Teck's coal operations for 20 per cent of the coal business, the report said, citing sources.
Government facing legal challenge over burning trees for energy in net-zero plan November 13, 2023 The case alleges that the Government’s Biomass Strategy is unlawful and will undermine the UK’s ability to achieve net zero by 2050.
How Crude: Weak demand pushes oil prices below $80 per barrel November 9, 2023 Oil prices have shown signs of recovery in today's session, after dipping below $80 per barrel last night, with markets weighed down by easing demand.
Former energy minister refuses to back King’s Speech over oil and gas plans November 9, 2023 The Government has proposed the Offshore Petroleum Licensing Bill, which would mandate licences for oil and gas projects in the North Sea on an annual basis.
Wood Group sustains outlook after new deals with Harbour Energy and Shell November 9, 2023 Wood Group has sustained its robust full-year outlook, having renewed its order book with some "excellent contract wins" over its third quarter of trading.
GE Hitachi: UK bid to treble nuclear generation capacity is ‘significant task’ November 9, 2023 The government must ensure stability in the UK’s investment climate if it wants to revive the country’s nuclear ambitions, GE Hitachi warns.