A tale of two oil giants: BP struggles to keep up with Shell, but net zero scrutiny is coming November 6, 2023 Energy giants unveiled sharp downturns in their usual earnings last week, but BP is struggling compared to its rival Shell.
Thames Water: 140 staff to be sacked as it ‘danced with the devil’ on £14bn debt pile November 2, 2023 GMB has pledged to contest job cuts from Thames Water, it confirms preparations to slash as many as 300 jobs.
Oil mega deals lift October M&A activity despite year-to-date declines November 2, 2023 Mega deals in the oil industry hiked October merger and acquisition activity to its highest level in 17 months.
Shell sweetens shareholders with chunky buybacks even as profits fall November 2, 2023 Shell joined its rivals in posting a year-on-year decline in profits over the third quarter this year but has kept its share price high.
Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases November 2, 2023 Shell is the latest energy giant to post a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a 40 per cent decline year-on-year.
Drax sustains its biomass hopes with carbon capture push November 2, 2023 Drax's biomass terminals have been at the centre of controversy in the UK's push to reach net zero and bolster energy security.
Oil prices rise ahead of US interest rate decision November 1, 2023 Oil prices climbed more than one per cent today as investors await the latest interest rate decision from the US Federal Reserve.
Orsted shares tank after halting two major US wind farms November 1, 2023 Orsted has halted two new offshore wind projects in the US as weighs up its energy portfolio - scaling down its American ambitions.
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.
Octopus’ valuation at the centre of £8bn tussle for Australian energy giant October 31, 2023 The value of Octopus Energy is a growing bone of contention in an attempted multibillion pound takeover of an Australian biggest energy.
