Energy crisis deepens as Orbit and Entice go bust amid soaring wholesale costs and price cap criticism November 25, 2021 Two more energy firms were engulfed by the ensuing wholesale price crisis that has caused over 20 energy firms to collapse since September.
Octopus Energy stretches tentacles into Italian market with €60m investment November 25, 2021 Octopus Energy (Octopus) is going full-steam ahead with its European expansion plans, wading into the Italian energy market.
Vitol snaps up Vivo Energy in $2.3bn acquisition November 25, 2021 The Dutch company will take full control of the UK-based energy firm, which has a network of about 2,330 service stations across Africa.
Energy crisis: Government sets aside £1.7bn to save ‘too-big-to-fail’ supplier Bulb November 25, 2021 Nearly £1.7bn is set aside by the government to allow Bulb to continue supplying energy to its customers as it tumbled into administration. In court on Wednesday, the company was put into special administration, which will allow it to continue to trade for the time being. The £1.69bn loan will be set aside by Government [...]
Sequoia swoops in to switch administrator of Bulb’s parent company November 24, 2021 Sequoia dramatically switched the administrators of Bulb's parent company as it looks to reclaim £55m owed by the doomed energy supplier.
Deutsche Boerse announces hydrogen index plans amid push for greener economies November 24, 2021 Deutsche Boerse reveals plans to create a hydrogen index as economies push to go greener and reach carbon net zero targets.
Together Energy rushes to secure more funding as energy crisis deepens November 24, 2021 A council-backed supplier is working with Avro Energy’s administrators to secure new funds amid a deepening industry crisis.
Oil prices recover to week-high totals despite US commitment to releasing 50m barrels November 23, 2021 Oil prices have rebounded towards $81 on both benchmarks yesterday despite US plans to release 50m barrels of oil from the Strategic Petroleum Reserve.
Shell holds talks with investors to push through London HQ move November 23, 2021 Royal Dutch Shell is talking with investors yesterday as it looks to relocate its HQ from the Netherlands to UK.
Energy cap backlash gets louder as MP who called for measure says it has ‘completely failed’ November 23, 2021 The energy price cap has “completely failed” says John Penrose, the Conservative MP who first called for a consumer tariff in parliament.