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Energy

  • Enough windfall taxes: We need oil and gas to go green

    May 10, 2023

    The UK will need oil and gas for decades to come - despite renewables' progress- making calls for toughened windfall tax dubious.

  • Thames Water boss to forgo bonuses as dividend scrutiny on suppliers intensifies

    May 9, 2023

    The boss of Thames Water will forgo performance related pay this year, with the supplier's turnaround plans still behind schedule.

  • Suncor Energy’s profits beats estimates on strong demand and tight supplies

    May 9, 2023

    Suncor Energy has reported better-than-expected first-quarter profits, helped by steady demand for energy amid crimped global supplies.

  • God vs Big Oil: Church of England loses faith in Shell’s climate plans ahead of AGM

    May 9, 2023

    The Church of England will vote to oust Shell's chief executive Wael Sawan and chairman Sir Andrew Macenzie.

  • Saudi Aramco’s profits slide to £25bn as world’s largest energy company is dragged down by lower oil prices

    May 9, 2023

    Saudi Aramco reported a clear dip in earnings over the first three months of the year, blaming lower global oil prices for reduced profits.

  • Green push: Canary Wharf to get its own private windfarm

    May 9, 2023

    Real estate titan Canary Wharf Group has teamed up with Brookfield, to support a new wind farm in the UK and procure clean energy.

  • Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices

    May 4, 2023

    Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.

  • Shell to pay £400m in windfall taxes this year after bumper first quarter earnings

    May 4, 2023

    Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.

  • Total’s £21bn Iraq project expected to begin in two weeks, oil minister says

    May 4, 2023

    Iraq and Total Energies expect to kick-start a long-delayed £21.5bn project within the next two weeks, Iraq's oil minister said.

  • Equinor beats forecasts with £9.5bn earnings as West scrambles to meet energy needs

    May 4, 2023

    Norway's Equinor on Thursday posted a higher-than-expected profit for the first quarter, albeit well below last year's record levels.

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