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Energy

  • 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 [...]

  • Rosebank’s approval sends oil shares soaring and triggers green backlash

    September 28, 2023

    Plans to develop the UK’s largest untapped oil and gas field were approved by regulators yesterday – sending shares in its backers soaring and triggering a wave of green criticism.

  • Rising oil prices won’t derail fight against inflation, experts reckon

    September 28, 2023

    Inflation is likely to continue on its downward trajectory despite a recent surge in oil prices, experts told City A.M.

  • SSE launches £15m energy bill support fund for businesses as winter looms

    September 28, 2023

    SSE has launched a £15m support fund to ease the pressure on businesses struggling with ultra-high energy bills this winter.

  • Ineos boss Sir Jim Ratcliffe slams UK’s ‘total lack’ of energy policy

    September 27, 2023

    Ineos boss Sir Jim Ratcliffe has hit out at what he sees as the UK’s “total lack” of an energy policy, which he branded “completely irresponsible”.

  • Rosebank: Climate campaigners prepare legal action against oil and gas field

    September 27, 2023

    Climate campaigners have vowed to take legal action against the government, following the approval of Rosebank this morning.

  • Thames Water: Is this the worst company in Britain?

    September 27, 2023

    Thames Water has been ordered by Ofwat to hand back over £100m to customers after failing to meet expected standards.

  • Rishi Sunak backs Rosebank oil and gas field: We don’t reach net zero by ‘wishing it’

    September 27, 2023

    Prime Minister Rishi Sunak has backed the approval of Rosebank, the UK's largest undeveloped oil and gas field in the North Sea.

  • Rosebank: All systems go for new North Sea oil and gas field after joint thumbs-up

    September 27, 2023

    The Rosebank oil field development WILL go ahead after private investors and government both signalled final approval.

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