BP rebounds with soaring underlying profits as calls for windfall tax escalate May 3, 2022 BP has raked in massive underlying profits across its oil and gas operations over the first three months of 2022 amid soaring energy prices.
Government weighs up extending life of Hinkley Point B as energy crisis deepens May 2, 2022 Business Secretary Kwasi Kwarteng is open to extending the life of nuclear power plant Hinkley Point B amid increasing focus on energy security.
BP and Shell set to unveil massive profits and payouts amid growing calls for windfall tax May 2, 2022 Shareholders in BP and Shell are anticipating bumper payouts this week, amid mounting calls for a windfall tax.
Octopus stretches tentacles into UK offshore wind market April 29, 2022 Octopus Energy Generation (Octopus) has dipped its toes into the domestic offshore wind market for the first time, investing in a large farm off the coast of Skegness.
Clean energy start-up pursues investors for world’s longest undersea cable April 29, 2022 Plans for the world's longest undersea cable connecting that could deliver nearly a tenth of the UK's electricity have been given a fresh boost today.
ExxonMobil trebles buyback scheme after $3.4bn Russia write-down April 29, 2022 Exxon Mobil (Exxon) has revealed a hefty $3.4bn write-down following its withdrawal from Russia in its first quarter update.
Oil prices recover as Germany lifts opposition to Russian import ban April 29, 2022 Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand in China.
Government doubles support for high energy businesses as energy crisis deepens April 29, 2022 The government is boosting support for high energy usage businesses, amid spiralling energy costs and record power prices.
Fury in Brussels: Germany caves in to Russia’s rouble demands April 28, 2022 Germany has ceded to Russian President Vladimir Putin’s demand to pay for Russian gas with roubles, as the energy crisis deepens.
Total pain: French energy giant suffers $4.1bn hit from Arctic LNG project April 28, 2022 TotalEnergies has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic.