Fresh vote of confidence in North Sea oil and gas industry with bumper licensing round January 17, 2023 Over one hundred bids have been made for new projects in the North Sea, in a huge vote of confidence for the embattled industry.
Gas prices deflate to 16-month low with more supplies shipped to Europe January 17, 2023 Natural gas prices dropped to a 16-month low yesterday - with full stockpiles in China forcing buyers to send more supplies to Europe.
Energy storage: UK puts faith in tech to harness the renewable revolution January 17, 2023 The UK is turning to technology to meet its energy needs as renewables' role in the domestic energy mix continues to grow.
Feeling Moody: Ratings agency downgrades outlook for UK’s troubled water companies January 16, 2023 Moody's has downgraded its investment outlook towards the UK's embattled water industry from stable to negative.
ITM Power’s shares plummet 14 per cent after hydrogen specialist makes third profit warning in eight months January 16, 2023 Shares in ITM Power nosedived 13.5 per cent on the London Stock Exchange this morning, after a third profit warning in eight months.
New Med pushes ahead with £277m Capricorn merger as shareholder revolt intensifies January 16, 2023 New Med Energy’s merger bid with British oil and gas operator Capricorn Energy is under increasing pressure from activists.
UK risks missing out on ‘growth opportunity of the century’ due to climate action delays as it falls behind in ‘net-zero race’ January 14, 2023 The UK is not in line to meet the environmental target - and has fallen behind rival economies in the "net-zero race" warns a new report.
Drax fined £6m after charging National Grid excessive prices to cut energy January 13, 2023 Drax has agreed to pay the energy watchdog Ofgem a £6m-plus fine, after it admitted to an 'inadvertent breach' of its generation licence.
Energy bills could drop below £2,500 per year, saving the government billions in support packages January 13, 2023 Energy bills could fall under £2,500 per year in the second half of this year, saving the Government billions of pounds.
Big fans: Wind powers half of UK’s energy needs with new record generation day January 12, 2023 Wind power generated record amounts of energy earlier this week, topping 21 gigawatts for the first time ever on Tuesday evening.
