Serica Energy ramps up investment plans to offset windfall tax June 6, 2022 Serica Energy is planning to spend its way out of a tax bill, after the government imposed a hefty new levy on North Sea oil and gas operator.s.
Kwarteng considers support for steelmakers as rising energy costs bite June 6, 2022 Steelmakers and other industrial manufacturers could be offered financial support from the government to ease spiralling energy costs.
Germany faces €5bn bill after Russia sanctions Gazprom division June 6, 2022 Russian sanctions against Gazprom Germania could cost Germany an extra €5bn a year to pay for replacement gas supplies.
RAC urges more support for drivers amid near-record petrol price spike June 5, 2022 Petrol prices rocketed over 10p last month, the second largest monthly rise on record, putting more pressure on road users.
Households to be offered green alternatives on new app June 5, 2022 Households will be able to determine which products are the least climate friendly through a new smartphone app.
Energy bills to close in on £3,000 per year this winter June 5, 2022 Energy bills could spike to nearly £3,000 per year in the depths of winter, when energy demand will be at its highest, warned Cornwall Insight.
Activist challenges to energy firms lose momentum as investors focus on supply security June 5, 2022 Motions pushing for energy giants to curb emissions to meet climate change goals have lost momentum following Russia's invasion of Ukraine.
North Sea oil and gas sector jeopardised by windfall tax warns Investec June 5, 2022 The windfall tax could accelerate the decline of the UK's oil and gas sector and increase the country's dependence on overseas suppliers, argued Investec.
Oil markets to open high as supply concerns escalate despite OPEC+ boost June 5, 2022 Oil prices will begin trading next week just below the $120 milestone, with expectations of rebounding demand putting pressure on tight supplies.
Shell refuses to set up Gazprom account as it continues Russian withdrawal May 31, 2022 Energy giant Shell has confirmed it will not set up a rouble account, under new terms demanded by Kremlin-backed giant Gazprom.