UK’s waste-to-energy leader readies £800m carbon capture expansion December 11, 2023 The UK's largest waste-to-energy firm has announced it will invest £800m into the divisive area of carbon capture technology.
OPEC and the US wrestle for control of oil prices December 11, 2023 The US and OPEC+ are once again locked in a battle to establish a dominant position for control over oil prices.
Backer of Yorkshire Water owner eyes £500m exit as industry troubles continue December 10, 2023 A part owner of one of the UK's biggest water suppliers is considering an exit as the sector comes under increasing scrutiny.
Whitehall to move staff to Scotland to boost confidence in North Sea oil December 10, 2023 Up to 200 civil servants working on energy and climate change issues will be moved to Aberdeen, the home of the UK's oil and gas industry, according to a report.
Businesses should expect ‘fair prices’, Ofgem respond to FSB’s concerns ahead of winter December 8, 2023 The FSB called on energy suppliers last month, signalling that changes must be made as small businesses battle high utility bills.
Anglo American says mining prospects ‘have rarely looked better’ December 8, 2023 Mining giant Anglo American says prospects “have rarely looked better” as part of its performance update to investors today. In a global battle for minerals, Anglo American chief executive Duncan Wanblad said he believed his firm’s ability to tap “world class” assets would ensure “ever more attractive” demand. “Operationally, we are improving cost performance and [...]
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.