Energy sector workers fear UK jobs could vanish in net zero push July 6, 2023 More than half of workers operating in the oil and gas sector fear the shift towards net zero will put their jobs at risk within two years.
Thames Water backer USS faces grilling from pensions watchdog July 5, 2023 The UK’s largest pension scheme faces a grilling from the regulator over its investment in troubled utility giant Thames Water.
Crisis-hit LME hires ex-London Stock Exchange chief to manage clearing house July 5, 2023 LME Clear has turned to a former London Stock Exchange chief executive as it scrambles to restore investor confidence.
Gas prices stay persistently high as prospect of bleak winter bills ratchets up July 5, 2023 Gas prices remain stubbornly high this summer, dashing hopes of lower energy bills over the winter when demand will be at is at its peak.
FTSE-listed Prospex confirms first gas at new Italian field July 5, 2023 Prospex Energy has announced first gas at the freshly developed onshore Selva field in the Po Valley region of Northern Italy.
Ofwat boss fails to rule out more supplier woes after Thames Water troubles July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, the boss of industry watchdog Ofwat vowed yesterday. Chief executive David Black told the House of Lords yesterday that it can now “stop dividends” and “lock cash coming out of companies” if water firms are not in [...]
Ofwat boss fails to rule out more supplier struggles after Thames Water woes July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, Ofwat vowed yesterday.
Cornwall Insight: Don’t expect energy bills to ease this winter July 4, 2023 Energy bills will remain near double pre-crisis levels, suggests Cornwall Insight in its latest price cap forecasts.
Renewables warning: ‘Race to the bottom’ on production prices risks destabilising entire wind industry July 4, 2023 The energy sector has urged the government not to pressure renewable producers into generating power at lower prices.
Shapps: Labour ‘sponsored by Just Stop Oil’ in light of ‘bonkers’ fossil fuel project ban July 4, 2023 Shapps has reaffirmed his support for domestic fossil fuel projects, as approval for the largest undeveloped oil and gas field looms.
