Is Venezuela about to invade Guyana for its oilfields? December 7, 2023 Venezuela is trying to claim roughly two-thirds of neighbouring country Guyana following a recent referendum vote on an oil-rich land dispute. The area, known as Essequibo, is predominantly jungle but the oil off its coast is likely driving the action by Venezuelan president Nicolás Maduro, who said the proposal to set up a region there [...]
South East Water pays £2.3m in dividends as losses widen December 7, 2023 South East Water has revealed it paid out £2.3m in dividends to investors despite growing losses and a £3m bill.
KKR splashes £1.4bn to take yet another London-listed firm private December 7, 2023 Private equity giant KKR is set to take another UK-listed firm private. Smart Metering Systems (SMS), which offers smart energy metering and technology, this morning told markets it was recommending an all-cash, £1.4bn bid from the American firm. It is the latest in a long string of UK-headquartered and London-listed firms to be taken private [...]
Venture Global CEO: Shell and BP’s actions ‘not sporting’ December 6, 2023 Venture Global's chief executive has hit out at oil majors including BP and Shell for politicising a dispute over liquefied natural gas (LNG) contracts.
Trafigura and former exec charged over alleged bribery in Angola December 6, 2023 Trafigura and its former chief operating officer have been charged in Switzerland over allegations of bribery, the country's prosecuting authority announced today.
Surging uranium prices generate windfall for Yellow Cake December 6, 2023 Uranium-holding vehicle Yellow Cake today reported a near half-billion-dollar profit in its latest financial period as uranium spot prices hovered near 15-year highs.
Eight out of 200 offshore wind bosses confident in UK’s 2030 plan December 6, 2023 Just eight senior leaders across the European offshore wind market believe the UK can deliver its national production target by 2030. According to a report released today by research consultancy Newton, just 4 per cent out of 200 senior decision makers within the wind farm industry believe the infrastructure can be built and start delivering [...]
Saudi cut threats fail to boost oil prices as slump runs to four days December 5, 2023 Oil prices are falling for a fourth straight day amid ongoing uncertainty over Saudi cuts and high US production.
Drax set for gains as it hopes to turn page on biomass farrago December 5, 2023 Drax is expecting a report into the government's biomass strategy to be released before the end of the year
COP28: Global nuclear pledge casts further doubt on UK’s capabilities December 4, 2023 The COP28 conference in Dubai has put the UK’s faltering nuclear sector into the limelight once more. Microsoft founder and billionaire philanthropist Bill Gates today used the conference as a platform to announce that his nuclear reactor company TerraPower will examine the UAE’s potential for new reactors. Yesterday, 22 countries including the United States, the [...]