Energy bills set to RISE next year as volatility spooks oil and gas markets November 6, 2023 Household energy bills will not ease any time soon, with forecasters warning that the energy price cap is now set to rise again.
A tale of two oil giants: BP struggles to keep up with Shell, but net zero scrutiny is coming November 6, 2023 Energy giants unveiled sharp downturns in their usual earnings last week, but BP is struggling compared to its rival Shell.
Britishvolt buyer Recharge failing to pay UK staff – report November 5, 2023 The Australian buyer of the failed battery start-up Britishvolt has not paid its UK staff for the last four months, according to a report.
Oil heads for weekly loss as Israel-Hamas war risk premium wanes November 3, 2023 Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose up to 3% on the week.
Brookfield to push ahead with $10.6bn bid for Octopus Energy shareholder November 2, 2023 A Brookfield-led consortium has accused Origin Energy's largest shareholder, Australiansuper, of "holding the company hostage."
Oil mega deals lift October M&A activity despite year-to-date declines November 2, 2023 Mega deals in the oil industry hiked October merger and acquisition activity to its highest level in 17 months.
Shell sweetens shareholders with chunky buybacks even as profits fall November 2, 2023 Shell joined its rivals in posting a year-on-year decline in profits over the third quarter this year but has kept its share price high.
Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases November 2, 2023 Shell is the latest energy giant to post a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a 40 per cent decline year-on-year.
Drax sustains its biomass hopes with carbon capture push November 2, 2023 Drax's biomass terminals have been at the centre of controversy in the UK's push to reach net zero and bolster energy security.
Tata Steel: Up to 3,000 Port Talbot jobs saved – for now November 1, 2023 Up to 3,000 steelworkers at Tata Steel’s Port Talbot plant have been granted a temporary reprieve after an expected announcement on job cuts has apparently been pulled.