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Energy

  • Sunak’s onshore wind U-turn not enough to lure investment, trade body warns

    September 4, 2023

    Proposals to lift onshore wind out of a de-facto moratorium are unlikely to lead to a ramp up in domestic projects, Renewable UK has warned.

  • Wood Group wins £261m deal to service Harbour Energy’s North Sea operations

    September 4, 2023

    Wood Group has entered into a new strategic partnership with Harbour Energy to service its North Sea operations.

  • China involvement in UK nuclear energy not a security risk, industry boss says

    September 4, 2023

    Chinese involvement in the UK’s nuclear energy sector is not a national security risk, the country’s leading trade body has argued.

  • Oil prices to begin trading at seven month high as US demand recovers

    September 3, 2023

    Oil prices climbed to their highest levels in over seven months on Friday, boosted by expectations of further extensions to supply cuts.

  • Iron ore demand robust even as China’s economy slumps

    September 3, 2023

    Iron ore demand in China has proven robust even amid a domestic property crisis and a sluggish revival from the pandemic, data suggests.

  • Octopus buys Shell UK energy arm making it Britain’s second biggest supplier

    September 1, 2023

    The deal will require regulator approval and Shell customers were advised to “sit tight” for now, with it hoped to be formalised in the final quarter of the year. 

  • Ofgem clamps down on generators gaming the system after £3bn hit to households

    September 1, 2023

    Electricity generators will no longer be able to artificially inflate energy prices and drive up households bills.

  • Glencore’s shares slide as 197 claimants for legal action revealed

    August 31, 2023

    Shares in commodity giant Glencore have dropped over four per cent in early trading this morning amid its bitter legal battle in London.

  • Orsted plunges 20 per cent on risk of £1.84bn US impairments amid offshore wind project woes

    August 30, 2023

    Denmark's Orsted, the world's largest offshore wind farm developer, has revealed it may see a £1.84bn cost for US impairments.

  • Exclusive: Greenpeace to target Rugby World Cup fan zones

    August 30, 2023

    Greenpeace is planning to target next month’s Rugby World Cup as the campaigning group ramps up protests against “greenwashing” by oil companies. The organisation told City A.M. it would make its presence felt at the tournament’s official fan zones and outside stadia in France, where the action begins next week. It follows a summer of [...]

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