Shell boss says Governments may need to tax companies to ease energy bills October 4, 2022 Governments should tax companies to help vulnerable customers deal with soaring energy costs, argued Shell's boss Ben van Beurden.
UK courting Norway and Qatar for long-term gas deals as Truss makes energy security a priority October 4, 2022 Locking in long-term gas deals with Norway, Qatar and other countries around the world has become a priority for the new Liz Truss government, as the prime minister said her focus has turned to keeping lights on this winter. Truss said ministers are “looking” at multi-year deals to cut reliance on imports from authoritarian regimes. [...]
West Burton to host prototype fusion plant October 3, 2022 The Government has named a Nottinghamshire power station as the home for the UK's prototype fusion energy plant.
Europe risks supply crunch this winter if Russia cuts off gas, warns IEA October 3, 2022 Europe will be on the verge of a supply crunch this winter if Russia turns off the taps into the continent, warned the IEA.
Exclusive: Ukraine urges West to slash Russian war revenues October 3, 2022 The West needs to slash Russia's revenues from soaring oil and gas prices, argued Naftogaz, Ukraine's state energy provider.
Telecom Plus shares surge as customers snap up bargain deals October 3, 2022 Telecom Plus shares surged over 20 per cent this afternoon after the utility services giant hiked full-year profit guidance after posting record customer growth during the first half of the year. The company nabbed 86,004 new customers in the six months to September, taking its total customer base to 814,684 and representing an annualised growth rate of [...]
Oil rebounds with OPEC+ expected to confirm swingeing output cuts October 3, 2022 Oil prices climbed more than $3 this morning, with investors expecting the biggest cut to oil output this week since the start of the pandemic.
Drax hacks down Canadian forests to fuel power plant, investigation claims October 3, 2022 Drax has been cutting down environmentally-important forests in Canada to fuel the UK's biggest power station.
EU brings in windfall tax but bloc divided over gas price caps October 1, 2022 The EU has confirmed it will impose a windfall tax on energy firms' profits, as the bloc grapples with a cost of living crisis crunch this winter.
British Steel’s Chinese owners push for Government bailout October 1, 2022 The owners of British Steel are seeking an urgent package of financial support from taxpayers, according to Sky News.