Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Ofgem to roll out new measures to reform energy sector February 3, 2022 Ofgem will announce new measures tomorrow after dealing UK households a heavy £700 blow to their energy bills.
Household energy bills to rise 54 per cent to nearly £2,000 per year February 3, 2022 Household energy bills will rise to £,1971 per year from April 1, after Ofgem announced its latest update to the consumer price cap.
Rishi Sunak to offer council tax rebates and cuts to protect households from rising energy bills February 3, 2022 The Treasury is preparing a council tax rebate scheme as part of Chancellor Rishi Sunak's plans to ease the pressure on UK households this spring.
Centrica chief executive named as chairman of Spirit Energy in management shake-up February 2, 2022 Centrica's chief executive Chris O'Shea has been named chairman of Spirit Energy's board, with the energy firm shaking up its senior team.
Ofgem to unveil new price for household energy bills tomorrow February 2, 2022 Market regulator Ofgem is set to announce the latest adjustment to the price cap tomorrow, amid fears of household bills rising 50 per cent.
Government plans £6bn loan scheme to protect households from soaring energy bills February 2, 2022 Downing Street will offer struggling energy companies access to billions of pounds in state-backed loans, according to The Times.
Longboat Energy shares tumble after it abandons hydrocarbon project February 2, 2022 Shares in Longboat Energy have dropped 11 per cent after its exploration project failed to find hydrocarbons.
Volatile energy prices set to continue into the next decade February 1, 2022 The conditions for volatile wholesale energy prices could continue into the next decade, argues energy specialist Cornwall Insight.
ExxonMobil records strong profits after cost-cutting measures February 1, 2022 Exxon Mobil has revealed full-year profits of $23bn, following a strong fourth-quarter of trading and successful cost cutting measures.