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Energy

  • Happy as a clam: Shell raises value of oil and gas assets as refining soars

    July 7, 2022

    Shell has announced it will reverse up to $4.5bn in write-downs on oil and gas assets after raising its energy prices outlook.

  • Ofgem puts the squeeze on troubled energy firm

    July 7, 2022

    Troubled supplier UK Energy Incubator Hub could be forced to remove a senior individual from a key management role by the market watchdog Ofgem.

  • Industry toasts record renewables auction as UK scrambles to boost domestic energy supplies

    July 7, 2022

    Record levels of clean energy have been secured through the Government's largest ever funding round for its renewables auction.

  • More engineers needed to meet heat pump targets and net zero goals, reveals UK charity

    July 7, 2022

    Not enough people are being trained as heat pump engineers to meet government targets for installations, warned charity Nesta.

  • Second coal power plant to be kept on standby as winter months loom

    July 6, 2022

    Drax Group (Drax) has reached a deal with National Grid to extend the lifespan of its two coal-fired units in Yorkshire over winter.

  • Exclusive: Energy efficiency measures sorely missed from security bill, says Good Energy boss

    July 6, 2022

    The Government has failed to include key measures which could provide significant help for households in its Energy Security Bill says Good Energy.

  • French energy firm EDF set for state takeover

    July 6, 2022

    The French government has revealed plans to fully nationalise troubled energy firm EDF - sending shares in the debt-laden power utility sharply higher.

  • Government amends windfall tax as energy body warns of supply shocks this winter

    July 6, 2022

    The Government has made several amendments to the Energy Profits Levy, with industry bodies calling for further changes ahead of winter.

  • Gas prices ease as Norway’s government steps in to stop strikes from offshore workers

    July 6, 2022

    Gas prices have dropped across Europe after the Norwegian government stepped in to end strike action from offshore workers.

  • Shell to build Europe’s largest hydrogen plant

    July 6, 2022

    Shell has announced plans to build Europe's largest renewable hydrogen plant in the Netherlands, which will be operational in just three years time.

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