Zog Energy collapses amid deepening winter energy crisis December 1, 2021 Zog Energy ceased trading today, marking another dark chapter for the struggling industry, with four million customers now affected by the crisis.
Oil market awaits Omicron’s effect on demand December 1, 2021 Oil prices are hovering at around $70 per barrel with big swings on both benchmarks amid growing uncertainty over the Omicron variant.
Ofgem could bring in ‘fit and proper’ tests and hedging controls for energy suppliers November 30, 2021 Ofgem could bring in “fit and proper” tests and capital requirements for suppliers as soaring wholesale costs wreak havoc with the market.
Activist investor pushes Glencore to spin off coal business November 30, 2021 Activist investor Bluebell Capital Partners has called on commodities titan Glencore to spin off its thermal coal business.
National Grid and Scottish Power agree record £158m settlement for two-year subsea cable delay November 30, 2021 National Grid Electricity Transmission and Scottish Power Transmission will pay a redress package of £158m for two-year delays to a major power cable following Ofgem investigation.
Golden opportunity: Hochschild Mining acquires Brazil-focused firm for $105m November 30, 2021 Hochschild Mining has acquired a long-life gold asset in a Brazil-focused firm following its recent political difficulties in Peru.
Energy market meltdown could burden UK households with £3.2bn bill November 29, 2021 UK households could be on the hook for £3.2bn to fix the energy market meltdown which has already affected four million customers.
Oil prices rebound from massive drop despite discovery of Covid-19 variant November 29, 2021 Oil prices showed some signs of recovery on Monday after massive drops last week of over ten per cent on both major benchmarks.
Pipe down: Kremlin tells US to stop interfering in Nord Stream 2 project November 29, 2021 Russia has warned the US not to put further pressure on any party over the certification of the $11bn Nord Stream 2 pipeline.
Gazprom reveals record profits amid soaring gas prices and supply shortages November 29, 2021 Gazprom reports record profits for the nine months of the year, driven by soaring gas prices amid a deepening global energy crisis.
