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Energy

  • Shell: European demand to boost LNG competition over next two years

    February 16, 2023

    Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years, Shell revealed on Thursday.

  • Concern for millions as Ofgem confirms forced prepayment meter ban ends in April

    February 16, 2023

    The suspension on forced installations only extends until the end of March, confirmed watchdog Ofgem in a letter to suppliers.

  • British Gas owner Centrica posts £3.3bn record profit – more than treble last year’s £948m

    February 16, 2023

    British Gas owner Centrica has unveiled record profits of £3.3bn - powered by soaring energy prices and historic market volatility.

  • Offshore wind plans must be sped up to meet energy security goals, green group warns

    February 16, 2023

    UK offshore wind pipeline has reached nearly 100GW - more than double its overall generation target to reach net zero.

  • Capricorn ditches Newmed merger deal after activist coup

    February 15, 2023

    British oil and gas producer Capricorn Energy has pulled the plug on its planned merger with Israeli gas group Newmed Energy.

  • Households could start switching energy suppliers in bid for cheaper deals as price cap plummets

    February 15, 2023

    Millions of Brits could switch supplier later this year, with the energy market expected to become more competitive as gas prices ease.

  • Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments

    February 14, 2023

    Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.

  • Woodside Energy books £3.6bn depreciation expense

    February 14, 2023

    Australia's Woodside Energy Group will book a nearly £3.6bn expense this year, after changes in its asset depreciation calculation.

  • Commodity specialist Fulcrum enters AIM market after £3m fundraiser

    February 14, 2023

    Fulcrum Metals has gained admission to the AIM market on the London Stock Exchange, following a successful £3m fundraiser.

  • Planning overhaul needed for UK’s energy security, nuclear industry warns

    February 14, 2023

    The nuclear industry has urged the government to make the planning system less hostile to new nuclear projects.

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