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Energy

  • Ofgem shortlists four suitors for £2bn offshore wind assets

    July 18, 2023

    Ofgem has now shortlisted four operators for the next bidding round of its highly prized offshore transmission links, worth an estimated £2bn.

  • PayPoint faces multi-million pound lawsuit over alleged anti-competitive conduct

    July 18, 2023

    PayPoint faces a multi-million pound lawsuit from a social enterprise, which has accused the payment services business of anti-competitive conduct.

  • Europe increasingly reliant on LNG as it aims to stave off winter supply crunch

    July 17, 2023

    Europe will once again be highly dependent on LNG to meet its demand needs this winter, warns the International Energy Agency.

  • Black Sea grain deal to expire Monday if Russia quits

    July 17, 2023

    A pact that has allowed the safe Black Sea export of grain from Ukraine for the past year will expire at the end of Monday.

  • South East Water: Heatwave last year caused £74m loss as industry debts rise

    July 17, 2023

    South East Water posted hefty losses last year, worsened by a record-breaking heatwave which has racked up costs for sourcing new supplies.

  • Oil prices slide as weak economy data in China fuels demand concerns

    July 17, 2023

    Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.

  • Energy security hopes belong in wonderland unless Britain builds again

    July 17, 2023

    The government needs to speed up the approval and construction of energy projects if it has any hopes of supply security and net zero.

  • Europe spent over a trillion dollars on gas since Russia sparked supply squeeze

    July 14, 2023

    Europe has spent over a trillion dollars shoring up its gas supplies since Russia first began weaponising its pipelines in 2021.

  • Gold holds on to heavy gains as Fed signals victory in battle against inflation

    July 14, 2023

    Gold markets have consolidated this week's price rally, following encouraging inflation data from the US.

  • Oil rises above $80 per barrel for first time since April as IEA predicts record demand

    July 13, 2023

    Oil prices are hovering above $80 per barrel for the first time since April, with the International Energy Agency predicting record demand growth.

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