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.
Energy suppliers to cough up £10.8m after missing smart meter targets November 9, 2023 Some of the UK's biggest energy suppliers have agreed to cough up £10.8m in redress payments, after missing smart meter targets.
National Grid profits slip near 20 per cent as chief slams government inaction November 9, 2023 National Grid has called for policy to keep up with the company's push to electrify the country's grid following record spending.
Coutinho: Sunak was right to water down green pledges November 8, 2023 The Prime Minister was "exactly right" to row back on green pledges, energy security and net zero secretary Claire Coutinho has said.
Eon posts £6.8bn profit – but earnings to slide as gas prices fall November 8, 2023 European energy giant Eon is predicting a hefty downturn in profits during its fourth quarter of trading across its retail division.
North Sea oil and gas sector push Labour to back licensing rounds November 8, 2023 The North Sea oil and gas industry is hoping to convince Labour to back future oil and gas licences - City A.M. has learned.
Oil prices slide as China weighs down demand hopes November 7, 2023 Oil prices have tumbled because of weak global demand
Aramco sustains payouts to investors as profits slide to just £26.5bn November 7, 2023 Saudi Arabia has slash=ed oil output to prop up prices alongside OPEC allies