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.
Treasury brings in super tax to prevent energy owners cashing out February 1, 2022 The Government has subtly introduced a new "super tax" to deter energy company owners from cashing out lucrative gas contracts.
Sureserve Group secures £20m deal with Tower Hamlets Homes February 1, 2022 Sureserve Group (Sureserve) has signed a 10-year £20m agreement with Tower Hamlets Homes to provide domestic gas services for its council houses. The wholly owned subsidiary K&T Heating Services (K&T) will provide domestic gas servicing, repair and installation for properties managed by the group. The deal will commence at the start of April and is [...]
Energy bills could spiral to almost £2,000 per year warns Cornwall Insight January 30, 2022 The consumer price cap will rise to £1,897 per annum for April, according to the latest gloomy forecasts from energy specialists Cornwall Insight.
Centrica under pressure from activist investors as energy crisis deepens January 30, 2022 The owner of British Gas is dealing with mounting pressure from activist investors looking to take advantage of energy sector volatility.
Energy prices to soar to £1,900 from April January 29, 2022 Energy bills are expected to soar to £1,900 from April, following the energy cap increase. Under plans that will be finalised this week by industry regulator Ofgem, the average energy bill will go up 48 per cent, from £1,277 to £1,897, the Telegraph reported. Sources have reported that the move will put ministers under pressure [...]
Exclusive: Utilita boss slams government meddling in energy market January 29, 2022 Utilita Energy’s chief executive Bill Bullen has called for the government to stop tampering with the market and help consumers through welfare.
Octopus Energy faces £100m blow from market meltdown January 29, 2022 Octopus has warned it is facing a hefty bill from the energy crisis, as it absorbs the impact of the price cap and soaring wholesale costs.