Exxon says world set to fail two degrees global warming cap by 2050 August 29, 2023 Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54 per cent, Exxon Mobil announced.
North Sea windfall tax hits undermine UK’s energy security goals August 29, 2023 Two of the UK's largest North Sea oil and gas operators confirmed huge hits from the windfall tax last week, in a sign that firms are still being bludgeoned by the levy despite a significant fall in oil and gas prices.
Net zero may be expensive but the UK cannot afford to sit out green energy subsidy race August 29, 2023 The UK's net zero goals and energy security ambitions depend on renewables, and with rivals offering vast subsidies, government must act.
Subsidise green steel with cheaper energy deals, says think tank August 29, 2023 Renewable developers should offer cheap electricity for steel producers to enable them to ramp up production to meet the UK’s green ambitions, a leading climate think tank has argued. A potential ‘energy for steel’ arrangement would see project owners of wind and solar farms offer cheap electricity directly to steel producers – through a power [...]
Octopus Energy closes in on Shell deal as Big Six dominates the market August 28, 2023 Octopus Energy is closing in on a deal to snap up Shell's household energy business - which could be finalised as soon as this autumn.
Miner issues: Fortescue Metals chief steps down after three-year low in profits August 28, 2023 The boss of Fortescue Metals has resigned just six months after taking the top job, with the iron ore miner posting a steep decline in profits.
Brits braced for high winter energy bills as Ofgem cuts price cap slightly August 25, 2023 Energy bills will remain high this winter and above normal levels, despite watchdog Ofgem confirming a minor reduction in the price cap.
Gas prices tumble after Woodside LNG workers shelve strike plan August 24, 2023 Gas prices dropped across Europe's major benchmarks today as the prospect of strikes at some of Australia's major LNG plants eased.
Harbour Energy confirms losses as UK windfall tax takes its toll August 24, 2023 Harbour Energy has suffered a billion dollar swing in its balance sheet, posting an $8m loss - weighed down by the UK windfall tax.
Don’t expect energy bills to return to normal this decade, warns Cornwall Insight August 23, 2023 Energy bills are unlikely to revert to normal levels by the end of the decade, Cornwall Insight has warned ahead of the latest price cap reveal.