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      Labour defends Burnham’s ‘very powerful’ No 10 North plans

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      Football may not come home but US investors will still cash cheques here

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Energy

  • Exclusive: Green groups call for red-tape cuts to ramp up onshore wind

    September 1, 2022

    Environmental groups and green think tanks have urged the Government to cut red-tape blocking onshore wind projects.

  • World’s largest wind farm launched off Yorkshire coast

    August 31, 2022

    Ørsted has launched the world’s biggest fully-operation wind farm, 89km off the Yorkshire coast. The launch of the 1.3 GW Hornsea 2 project has seen Ørsted break its previous record, which the Danish firm previously set by launching its 1.2 GW Hornsea 1 windfarm in 2019. Ørsted’s UK chief Duncan Clark said the Hornsea 2 [...]

  • Europe braces for winter crisis as Gazprom halts flows from Nord Stream pipeline

    August 31, 2022

    Gazprom has halted gas flows into the Nord Stream 1 for the next three days to complete maintenance work on the key pipeline.

  • Poorly insulated households to pay over £700 more on rising energy bills

    August 31, 2022

    Poorly insulated households will see their energy bills rise over £700 more than energy users living in more efficient properties.

  • North Sea body urges Government to confirm green rules for new projects

    August 31, 2022

    OEUK has called on the Government to publish its requirements for exploration projects ahead of a looming winter crisis.

  • Chinese using state-backed hackers to attack energy projects in South China Sea

    August 30, 2022

    China is using state-backed hackers to launch cyberattacks against energy projects in the South China Sea, according to new research from cybersecurity firm Proofpoint and consulting firm PwC. Hacking group Red Ladon, also known as TA423, is using a simple phishing scam to attack politically significant targets in Europe and the Asia-Pacific region, including defense [...]

  • Gas prices plunge as Germany closes in on storage targets

    August 30, 2022

    Gas prices have fallen sharply today amid reports Germany is on course to meet its gas storage targets for October.

  • Exclusive: Truss ally Rees-Mogg holds talks with energy firms in supply bid

    August 30, 2022

    Truss backer Rees-Mogg has been holding urgent talks with oil and gas companies ahead of a looming winter crisis.

  • Woodside hands out £1.79bn to shareholders after five-fold rise in profits

    August 30, 2022

    Woodside has handed out over $2bn to shareholders following a five-fold increase in profits for the first six months of trading this year.

  • Uniper asks Berlin for more help, raising bailout to £16bn

    August 29, 2022

    German energy giant Uniper has asked Berlin’s government for additional funding, raising the total bailout sought to €19bn (£16bn).  The company said its current liquidity was impacted by the West’s standoff with the Kremlin over energy supplies and the consequent surge in costs.  “As Russia does not honour its supply contracts, we have to buy [...]

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