Sunak’s onshore wind U-turn not enough to lure investment, trade body warns September 4, 2023 Proposals to lift onshore wind out of a de-facto moratorium are unlikely to lead to a ramp up in domestic projects, Renewable UK has warned.
Wood Group wins £261m deal to service Harbour Energy’s North Sea operations September 4, 2023 Wood Group has entered into a new strategic partnership with Harbour Energy to service its North Sea operations.
China involvement in UK nuclear energy not a security risk, industry boss says September 4, 2023 Chinese involvement in the UK’s nuclear energy sector is not a national security risk, the country’s leading trade body has argued.
Oil prices to begin trading at seven month high as US demand recovers September 3, 2023 Oil prices climbed to their highest levels in over seven months on Friday, boosted by expectations of further extensions to supply cuts.
Manufacturing downturn ‘deepens’ as production drop among fastest on record September 1, 2023 UK manufacturing hit a steep slump this month, figures revealed, as production dropped by a rate “one of the fastest in survey history”. According to the Chartered Institute of Procurement & Supply (CIPS) the UK manufacturing purchasing managers index (PMI) recorded 43.0 in August, down from 45.3 in July. This marked its lowest level since [...]
Ofgem clamps down on generators gaming the system after £3bn hit to households September 1, 2023 Electricity generators will no longer be able to artificially inflate energy prices and drive up households bills.
Adani Group faces fresh allegations of share price manipulation August 31, 2023 Adani Group has been accused of using "opaque" funds to avoid rules designed to prevent share price manipulation.
Glencore’s shares slide as 197 claimants for legal action revealed August 31, 2023 Shares in commodity giant Glencore have dropped over four per cent in early trading this morning amid its bitter legal battle in London.
Claire Coutinho replaces Grant Shapps as energy secretary August 31, 2023 Claire Coutinho has been appointed energy secretary in a promotion to a top cabinet role, amid a mini-reshuffle of the Prime Minister’s core team. It follows Grant Shapps moving over to the Ministry of Defence (MoD) after defence secretary Ben Wallace resigned from cabinet ahead of stepping down as an MP at the next general [...]
Orsted plunges 20 per cent on risk of £1.84bn US impairments amid offshore wind project woes August 30, 2023 Denmark's Orsted, the world's largest offshore wind farm developer, has revealed it may see a £1.84bn cost for US impairments.