UK gas glut slashes one quarter off Harbour Energy’s returns sheet January 18, 2024 The FTSE250 company, Harbour Energy, which is now the largest independent oil producer in the North Sea, has projected 2023 revenues to come in at $3.9bn, down 27 per cent from $5.4bn in 2022.
Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.
UK biomass subsidies undermining efforts to stop global warming, report warns January 18, 2024 UK government biomass subsidies are undermining efforts to tackle climate change, a new report has warned.
UK’s decarbonisation efforts are worsening by the year, new report says January 17, 2024 Deployment of renewable energy projects, such as offshore wind, is repeatedly falling behind in the UK
‘More cash than we know what to do with’: The big questions for BP’s new chief Murray Auchincloss January 17, 2024 Murray Auchincloss, chief executive officer of BP Plc, during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, on Monday, Oct. 2, 2023. The annual strategic energy conference runs from Oct 2-5. Photographer: Christopher Pike/Bloomberg via Getty Images
No LNG left in the Red Sea as Houthi attacks clear shipping waters January 17, 2024 https://www.cityam.com/lng-fleets-to-overtake-oil-supertankers-in-global-gold-rush/
UK government greenlights second stage of controversial Drax carbon capture project January 16, 2024 The decision letter, published this afternoon penned by the energy security and net zero minister Claire Coutinho, said that the government is satisfied the site can achieve 95 per cent capture efficiency and approved the site's zero rating.
Shell to exit Nigerian onshore oil over long-running theft and sabotage risks January 16, 2024 The sale to a Nigerian business-led consortium is expected to be worth around $2.4bn
Shell halts Red Sea shipments indefinitely over Houthi fears January 16, 2024 Shell's decision follows that of shipping giants Hapag Lloyd and Maersk
Costs £43bn or saves £15bn: Spat over taxpayer billions at Drax carbon capture site January 16, 2024 Climate think tank Ember claims Drax is pushing through a new facility to help its existing plant out of financial difficulty
