UK risks losing £100bn of energy projects unless it cuts high taxes and red tape September 7, 2023 The UK risks missing out on as much as £100bn of investment in domestic offshore energy projects, an industry body has warned.
Energy bosses defend prepayment meters despite Ofgem clampdown September 6, 2023 Energy bosses have called for the current ban on prepayment meters to be lifted, amid fears winter debts could spiral.
Tesco urges government to stick to net zero goals to boost business confidence September 6, 2023 Tesco boss Ken Murphy backed net zero, and has called on political parties to ramp up support for low carbon solutions for the food sector.
G7 price cap restrains Russian oil revenues but Kremlin still finding buyers September 6, 2023 Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.
Sunak’s onshore wind U-turn fails to impress energy bosses September 5, 2023 Prime Minister Rishi Sunak's U-turn on onshore wind won't be enough to win over sceptical renewable developers, a top trade body has warned.
Gas prices nudge higher after Chevron workers vote to strike at Aussie LNG sites September 5, 2023 Workers at a key liquefied natural gas plant in Australia will engage in a full-scale strike for two weeks this month.
BP boss Bernard Looney pledges to stick to plans for oil and gas output cuts September 5, 2023 BP boss Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year.
Sunak poised to ease onshore wind ban after Tory backbench rebellion September 5, 2023 The government is expected to ease restrictions on onshore wind farms after a Tory backbencher rebellion over renewable projects.
Enquest urges government to restore investor confidence in UK oil and gas after £60m windfall tax hit September 5, 2023 Enquest has warned the current fiscal regime is damaging confidence in the North Sea, and has called for further changes to the windfall tax.
Hydrogen specialist UHL plans £250m UK spend – but it won’t list in London September 5, 2023 The world's largest hydrogen conglomerate plans to invest £250m in the UK over the next 12 months, City A.M. has learned.