UK tax climate putting a block on renewable projects, energy boss warns October 2, 2023 The government needs to reduce the tax burden on renewable producers or risk more companies pulling out of projects.
Water industry woes make future challenges harder to fix October 2, 2023 The water industry is a national disgrace, making the tough choices it has to make over investment and water shortages even more difficult
BP former boss Bernard Looney accused of promoting women from undisclosed romantic relationships October 2, 2023 Former BP boss Bernard Looney faces allegations he promoted women he was romantically involved with, according to the Financial Times.
Centrica’s share price suffers as analysts tell investors to take profits October 1, 2023 Centrica begins trading this week having suffered a sharp fall in its share price, with analysts calling on investors to cash in profits.
Oil markets confirm massive quarterly gains as OPEC+ sustain hefty supply cuts October 1, 2023 Oil markets have consolidated massive rallies over the third quarter of this year, powered by hefty output cuts from OPEC and its allies.
Ofgem’s energy price cap to fall – amid concerns households will pay 13 per cent more than last winter September 29, 2023 A fall in Ofgem’s energy price cap takes effect this weekend amid concerns households could still end up paying around 13% more than last winter. The regulator announced in August that the cap on a unit of gas and electricity would reduce the average bill from £2,074 to £1,923 for the three months from October [...]
‘No political reward from pausing net zero’ as Tories shown to back green policies September 29, 2023 New polling has shown Conservative voters still support net zero, don’t blame the policy for the cost of living and want the government to help them go green – which may give the Prime Minister pause for thought after his net zero U-turn. A survey by right-leaning think tank Onward found 49 per cent of [...]
Will Rosebank improve the UK’s energy security? September 28, 2023 Regulators yesterday gave the green light to start drilling at the largest untapped fossil fuel field in the North Sea - but will it boost the UK's energy security?
National Grid: risk of lights going out this winter has fallen September 28, 2023 The risk of the lights going out has fallen ahead of this winter and is almost back to the pre-energy crisis normal, a new report from the National Grid has found. National Grid’s Electricity System Operator (ESO) said on Thursday that it only expects there to be around six minutes between the end of October [...]
Oil prices rise on US crude draws, tight global supply and Rosebank announcement September 28, 2023 Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude LCOc1 futures climbed 16 cents to $96.71 a barrel by 0001 GMT. U.S. West Texas Intermediate crude futures (WTI) rose [...]