Harbour Energy records drop in revenue and production as windfall tax weighs March 7, 2024 Harbour's chief executive said the tax all but "wiped out" the firm's profits in 2022
Government’s £800m offshore wind auction budget not enough, analysts warn March 6, 2024 Despite a budget increase, the UK's next round of auctions for offshore wind looks set to disappoint on power generation returns.
Spring Budget 2024: Hunt extends windfall tax on oil and gas industry March 6, 2024 Hunt said that the energy price increases are likely to last longer and so too will the sector's windfall profits
Spring Budget 2024: Hunt completes nuclear u-turn with £160m Hitachi deal March 6, 2024 Hitachi abandoned the Wylfa project in 2020 over long delays and ballooning costs
One Thames Water overflow in leafy Surrey has been leaking sewage for six days straight March 6, 2024 The firm recently said in its turnaround plan that more leakages were expected for the next year while it worked to fix operations
Cracks showing at Ibstock as profits collapse despite efforts to slash costs March 6, 2024 Last year saw Ibstock reduce headcount and close factories in an effort to reduce costs
Breedon builds on bumper year with major acquisition in US March 6, 2024 Breedon's chief executive said the "long-term structural deficits" in British housing and construction boded well for the business
Production up, revenue down as Tullow Oil hit by oil price correction March 6, 2024 The Africa-focused group saw revenue drop on the year prior weighed down by a weaker oil price.
Gold and Bitcoin hit record highs as the US and UK prepare fiscal statements March 5, 2024 Gold has enjoyed a run as a safe haven asset while bitcoin production cuts are expected next month
Newcleo starts plans to ‘decarbonise oil and gas’ and go nuclear instead March 5, 2024 Newcleo is seeking to raise an additional £855m in equity this year to expand its nuclear project pipeline
