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Energy

  • Tata Steel: Labour demands urgent support for workers facing redundancies

    May 21, 2024

    Labour is calling for the government to take urgent action to cover thousands of workers facing redundancy at the country’s biggest steel plant.

  • Shadow energy secretary Ed Miliband ‘not aware’ Russia found oil and gas in Antarctic

    May 17, 2024

    Ed Miliband has said he is “not aware” of the reports Russia discovered huge oil and gas reserves in the British Antarctic territories.

  • UK skills shortage putting major infrastructure projects at risk, MPs warn

    May 14, 2024

    A skills shortage is putting infrastructure delivery at risk, as the government prepares to spend £800bn on projects, MPs have warned.

  • Octopus Energy now worth over £7bn after two major investors up stakes

    May 7, 2024

    Octopus Energy is now worth more than £7bn after two of its largest investors increased their stakes in the company.

  • BP reports profit drop as lower oil prices hit earnings

    May 7, 2024

    Murray Auchincloss, chief executive officer said: "We've delivered another resilient quarter financially and continued to make progress on our strategy."

  • BP set for slower first quarter profits and revenue amid lower oil prices

    May 5, 2024

    BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 [...]

  • Fuel prices up 10p per litre since start of year, says RAC

    May 4, 2024

    Average petrol and diesel prices have risen by 10p per litre so far this year, new figures from motoring group the RAC show.

  • Trinity Exploration and Touchstone Exploration set to merge in all-share deal

    May 1, 2024

    In joint statements issued this morning, Touchstone said it would acquire the entire issued and to be issued ordinary share capital of Trinity in a deal with £24.1m.

  • Petrofac shareholders could be set for wipeout as company considers debt swap

    April 29, 2024

    Petrofac said this morning it would delay its full year 2023 results, which it now expects to publish by 31 May 2024.

  • Gresham House Energy Storage Fund pins hope on future growth as earnings crumble

    April 29, 2024

    Gresham House Energy Storage built its portfolio from 598 megawatt hours (MWh) at the end of 2022 to 788MWh at the end of 2023. It has planned further growth in 2024.

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