Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases November 2, 2023 Shell is the latest energy giant to post a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a 40 per cent decline year-on-year.
Drax sustains its biomass hopes with carbon capture push November 2, 2023 Drax's biomass terminals have been at the centre of controversy in the UK's push to reach net zero and bolster energy security.
Orsted shares tank after halting two major US wind farms November 1, 2023 Orsted has halted two new offshore wind projects in the US as weighs up its energy portfolio - scaling down its American ambitions.
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.
Octopus’ valuation at the centre of £8bn tussle for Australian energy giant October 31, 2023 The value of Octopus Energy is a growing bone of contention in an attempted multibillion pound takeover of an Australian biggest energy.
Hooked on gas? How Europe could fare in a winter energy crisis October 31, 2023 Experts are divided over whether Europe is in prime position to meet its energy needs this winter, with the continent depending on LNG.
BP’s profit slump points to falling gas prices, but does not explain sluggish shares October 31, 2023 BP missed analyst expectations with a heavy decline in third quarter profits, but there are bigger questions over its share price.
Nuclear contender Westinghouse keen to win over local opposition as SMR race heats up October 31, 2023 Westinghouse Electric Corporation is confident is can win over any potential local opposition to nuclear power.
How the UK’s deep sea mining U-turn highlights the delicate road to net zero October 30, 2023 The UK's newly announced support for a moratorium on granting exploration licences for deep sea mining projects highlights the precarious path to net zero.
Oil prices could surge above $150 per barrel if Hamas-Israel conflict escalates October 30, 2023 Oil prices have dipped in this morning's trading, with investors waiting to see whether the US Federal Reserve hikes rates again.