Oil prices drop below $70 per barrel as investors fear further Fed rate hike June 12, 2023 Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.
Glencore makes fresh bid for Teck coal arm as takeover battle takes new twist June 12, 2023 Glencore has redoubled its efforts to acquire Teck Resources, offering to buy its steelmaking coal business as a standalone company.
Labour’s energy agenda needs a solution for the UK’s oil and gas demands June 12, 2023 Labour's energy manifesto needs a solution for the UK's oil and gas needs if the opposition are fit for government.
Barratt warns of skills shortage if solar panels made mandatory for new homes June 12, 2023 The UK's biggest housebuilder has warned of a skills shortage in the country's solar panel sector, arguing that there would need to be significant boost in training for new technicians if the government decides to make the installation of solar panels mandatory for new-build houses.
Labour would slash planning red tape in green energy bid June 11, 2023 Labour would slash planning regulations in a reported bid to boost Britain’s green energy construction of wind farms and nuclear plants.
What the Windfall?! Debunking what just happened and why the industry’s not happy June 9, 2023 The government has made changes to the Energy Profits Levy - known as the windfall tax - here's what it means.
Softened windfall tax not enough to turn tide on falling North Sea investment, Hunt warned June 9, 2023 The government needs to do more than soften the windfall tax to reassure troubled North Sea oil and gas companies warned OEUK.
Sunak and Biden announce UK-US partnership on AI, minerals and Ukraine June 9, 2023 Joe Biden and Rishi Sunak announced their countries would partner on AI, clean energy and critical minerals.
Government eases windfall tax to protect North Sea oil and gas projects June 9, 2023 The government has softened the windfall tax in a bid to soothe industry concerns over the UK’s investment climate in the North Sea.
UK will have to spend £9bn more in foreign gas if it fails to ramp up heat pumps June 8, 2023 A lack of government ambition in ramping up the installation of heat pumps, will force the UK to spend a further £9bn on extra gas imports.