Green Day’s Good News: Here are the winners in the energy sector April 3, 2023 Green Day is over - with much of the energy industry disappointed. But there were some winners which City A.M. highlights.
Ithaca Energy hesitates over stake in controversial Rosebank oil field April 3, 2023 Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, City A.M. understands.
OPEC surprises with further cuts to oil production amid demand fears April 2, 2023 Oil markets could enjoy robust trading tomorrow morning after OPEC announced surprise cuts to production today.
Recharge looks to rehire former Britishvolt execs as rescue deal falters April 2, 2023 Recharge has been holding talks with two former top executives amid concerns its attempt to rescue Britishvolt is faltering.
‘Hunt failed firms’: Warning of bleak outlook as businesses face 85 per cent drop in energy bill support – BCC March 31, 2023 Business leaders are stepping up warnings that firms will struggle to pay energy bills when a government relief scheme ends on Saturday.
British Gas, Scottish Power and E.On LOSE High Court row over handling of Bulb sale – but it might not be over yet March 31, 2023 Three major energy suppliers have lost their High Court challenge over the Government’s handling of the sale of collapsed energy firm Bulb.
Drax shares fall after £2bn project misses out on UK carbon cash March 30, 2023 The owner of the UK's biggest power station is racing to secure a last-ditch lifeline for its £2bn carbon capture biomass project.
Petrofac and Hitachi Energy team up for £11.5bn offshore wind agreement March 30, 2023 Petrofac was awarded an £11.5bn framework agreement with Hitachi Energy by Dutch-German electricity grid operator Tennet.
Ofwat clampdown on water exec bonus pay: Brits will NOT foot bill if performance targets missed March 30, 2023 Customers will not have to fund bonus payments if suppliers fail customer and environmental performance targets.
What was in ‘Green Day’? How has the energy sector responded? March 30, 2023 Grant Shapps outlined plans to boost the UK's green energy revolution this morning, but has faced strong blowback from the industry.