Enquest urges government to restore investor confidence in UK oil and gas after £60m windfall tax hit September 5, 2023 Enquest has warned the current fiscal regime is damaging confidence in the North Sea, and has called for further changes to the windfall tax.
Hydrogen specialist UHL plans £250m UK spend – but it won’t list in London September 5, 2023 The world's largest hydrogen conglomerate plans to invest £250m in the UK over the next 12 months, City A.M. has learned.
Rising star Claire Coutinho faces gruelling start in energy secretary role September 5, 2023 Claire Coutinho has taken over energy policy from Grant Shapps, and faces a highly challenging start to her new role.
Carbon capture’s reliance on dirty shipping fuels threatens its green ambitions September 4, 2023 The green credentials of the carbon capture industry have been called into question after new analysis revealed the huge amount of high-polluting fuel needed to power ships transporting captured carbon dioxide around the world.
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.