Is Venezuela about to invade Guyana for its oilfields? December 7, 2023 Venezuela is trying to claim roughly two-thirds of neighbouring country Guyana following a recent referendum vote on an oil-rich land dispute. The area, known as Essequibo, is predominantly jungle but the oil off its coast is likely driving the action by Venezuelan president Nicolás Maduro, who said the proposal to set up a region there [...]
South East Water pays £2.3m in dividends as losses widen December 7, 2023 South East Water has revealed it paid out £2.3m in dividends to investors despite growing losses and a £3m bill.
Today at COP28: A change in mood December 6, 2023 As COP28 reaches its mid-way point, the initial lustre and enthusiasm of the world's great and powerful seems to be wearing off.
Venture Global CEO: Shell and BP’s actions ‘not sporting’ December 6, 2023 Venture Global's chief executive has hit out at oil majors including BP and Shell for politicising a dispute over liquefied natural gas (LNG) contracts.
Surging uranium prices generate windfall for Yellow Cake December 6, 2023 Uranium-holding vehicle Yellow Cake today reported a near half-billion-dollar profit in its latest financial period as uranium spot prices hovered near 15-year highs.
Rio Tinto lays out $30bn capital spending plan as firm seeks to capitalise on iron ore demand December 6, 2023 Mining monolith Rio Tinto has bought forward the construction of its $6.2bn Simandou super-mine
Eight out of 200 offshore wind bosses confident in UK’s 2030 plan December 6, 2023 Just eight senior leaders across the European offshore wind market believe the UK can deliver its national production target by 2030. According to a report released today by research consultancy Newton, just 4 per cent out of 200 senior decision makers within the wind farm industry believe the infrastructure can be built and start delivering [...]
Today at COP28: Bill Gates and a (weird) Energy day December 5, 2023 Happy Energy day from COP28! On a day where some of the biggest surprises weren’t surprises at all, people directly or indirectly involved with fossil fuels are attending the summit. Mary Robinson, chair of The Elders group, to whom Sultan Al Jaber’s now-infamous comments about “the science” came last month, made her first reply to [...]
Thames Water chiefs: We can’t turn around this company in one go December 5, 2023 Thames Water bosses have warned that turning around the embattled utility firm will “take time” and it would be impossible “to do everything that our customers and stakeholders wish to see at a pace and for a price that everyone would like.” The company issued this statement alongside its half-year results, which showed a 54 per [...]
Saudi cut threats fail to boost oil prices as slump runs to four days December 5, 2023 Oil prices are falling for a fourth straight day amid ongoing uncertainty over Saudi cuts and high US production.
