Ofgem challenged by administrators over suppliers’ billions February 16, 2022 Ofgem is under pressure from a trio of administrators that are challenging its status as a creditor in multiple energy firms.
Hydrogen group raises £30m in stellar debut on London Stock Exchange February 16, 2022 UK-based green hydrogen group CPH2 has raised £30m on the London Stock Exchange during its first day of trading on the AIM market.
Suppliers could be charged for luring new customers under fresh Ofgem intervention February 16, 2022 Energy suppliers could be forced to pay a levy when acquiring new customers, under freshly announced time-limited measures unveiled by Ofgem. The regulator has intervened further in the energy industry, with the introduction of the market stabilisation charge. It will mean that when suppliers attract customers from an existing energy firm, they will have to [...]
EU President: Europe can deal with partial disruption to Russian gas flows February 16, 2022 The EU could cope with a partial disruption to gas imports from Russia, argued commission president Ursula von der Leyen.
Shell plans $1bn sale of North Sea gas fields February 15, 2022 Shell is preparing to offload its stakes in two clusters of gas fields in the North Sea for up to $1bn as it shifts away from the basin.
Gazprom to ramp up oil drilling to pre-Covid levels February 15, 2022 Gazprom Neft the oil arm of the Kremlin-backed fossil fuel giant, expects to restore oil drilling to pre-pandemic volumes this year.
Tory MP Nigel Adams pushed for biomass subsidies while receiving £62,000 in donations from industry February 15, 2022 It has been reported that one of the strongest biomass supporters in parliament, Nigel Adams MP, received more than £60k in donations from the industry while lobbying the government to provide biomass companies with subsidies. Adams reportedly accepted £62,411 in donations between 2012 and 2016, including more than £30,000 to attend a number of conferences [...]
Energy round up: Prices rise amid fears Russia will invade Ukraine February 14, 2022 Petrol, oil and gas prices have risen amid rising fears Russia could invade Ukraine and disrupt supply chains.
Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.
Good Energy repels Ecotricity in shareholder showdown February 11, 2022 Good Energy Group has fended off attempts from activist investor Ecotricity to oust its chairman and prevent the supplier from selling generation assets.