Ithaca Energy scales back North Sea investment due to energy windfall tax February 15, 2024 Ithaca Energy said today that its full-year earnings would be in line with its guidance, as the firm grapples with a sinking stock price. The North Sea oil and gas producer said 2023 production had been 70.2 thousand barrels of oil equivalent per day, matching expectations of 78-74. Last month, the firm’s chief executive Alan [...]
Low power, please charge: Battery storage troubles leave investors on the hook February 15, 2024 A number of battery storage investment trusts are struggling. Is this just a bump in the road or the beginning of the end?
Profits fell at green tech start-up Myenergi ahead of major job losses February 12, 2024 Profits were cut at smart home start-up Myenergi ahead of the HSBC-backed company slashing more than 100 jobs, it has been confirmed.
Diamonds aren’t forever – Anglo American mulling impairment charge over struggling De Beers February 8, 2024 De Beers couldn't turn a profit through the second half of last year (Photo by Alexander NEMENOV / AFP) (Photo credit should read ALEXANDER NEMENOV/AFP/Getty Images)
Oil giant BP names first female CFO ahead of 2023 results February 2, 2024 Since September last year, Kate Thomson served as interim chief financial officer when the previous incumbent-now chief executive Murray Auchincloss stepped up to the interim leader position.
Ofgem to investigate claims of wind farms overcharging billpayers millions February 2, 2024 Energy regulator Ofgem is investigating the claims that wind farms may have incorrectly added close to £51m to taxpayer bills since 2018.
Brexit checks: What’s actually changing at the border? January 31, 2024 The post Brexit changes are the most consequential since the UK exited the EU single market in 2020. Here’s everything you need to know.
France and Asia to drive nuclear power to new heights by 2030 as UK roadmap falls flat January 24, 2024 Nuclear development in the UK faces an uphill battle as Sizewell C and Hinkley Point C remain mired in delays.
Energy security is a must, but UK’s absurd oil and gas bill won’t help January 24, 2024 The oil and gas bill is a misguided solution to the UK's energy woes; we must focus on renewables instead, writes Nigel Pocklington.
UK government greenlights second stage of controversial Drax carbon capture project January 16, 2024 The decision letter, published this afternoon penned by the energy security and net zero minister Claire Coutinho, said that the government is satisfied the site can achieve 95 per cent capture efficiency and approved the site's zero rating.