Gazprom widens gas cuts after EU brings in oil ban May 31, 2022 Russia has escalated its economic warfare with Europe, with Gazprom widening gas cuts across the continent in retaliation to Western sanctions.
Petrol retailers are not profiteering despite record prices at the pumps, say experts May 31, 2022 Petrol retailers are not engaging in wholesale profiteering amid record forecourt prices said industry analysts.
Tony Blair: Ditch the expensive ‘raincoats’ and just cut energy bills in half with mandatory green homes May 31, 2022 Free energy plans should be offered to every home in the UK to lower emissions while reducing energy bills before making them mandatory in the mid-2030s, according to a report by the Tony Blair Institute, shared with City A.M. this morning. The recommendation is one of a number of measures the report says could halve [...]
Government’s net zero strategy only speaking to ‘energy elite’ warns Utilita boss Bill Bullen May 31, 2022 The government's net zero strategy is only resonating with the UK's "energy elite", argued Utilita Energy boss Bill Bullen.
Centrica confirms sale of Spirit Energy’s Norwegian assets in $1bn-plus deal May 30, 2022 Centrica has confirmed the sale of Spirit Energy's Norwegian assets in deals reaching over $1bn in overall value, as it looks to focus on domestic markets.
Oil prices rise above $120 milestone as China finally lifts oppressive lockdown measures May 30, 2022 Oil prices breached the $120 milestone today - hitting a two-month high as China eased Covid-19 restrictions in its biggest city.
Supply security: Government holds talks with Centrica over gas storage while EU delays oil ban May 30, 2022 The government is holding talks with Centrica about re-opening a gas facility, in case European supplies from Russia are cut off.
Shell greenlights $2.5bn plans to develop natural gas field off Australia May 30, 2022 Shell and its joint venture partner SGH Energy have given the go-ahead to develop the Crux natural gas field off Australia.
BP and Total Energies most exposed to North Sea oil and gas levy May 30, 2022 BP and Total Energies will suffer the biggest losses in earnings from the government's announced levy on North Sea oil and gas operators, says UBS.
‘Resource nationalism’ is here to stay argues EV Metals boss May 30, 2022 "Resource nationalism" is here to stay following Russia's invasion of Ukraine, argued EV Metals Group chief executive Michael Naylor.