‘Moment of jeopardy’: City leaders issue rallying cry to safeguard London’s future as top financial hub
COP28: Five things to watch out for as the global climate conference starts in Dubai November 29, 2023 While some cynics may look at it as a talking shop where not enough discussion leads to action, it does offer a chance for thought-leaders to co-ordinate.
London Metal Exchange looks to ‘strengthen’ its position after winning nickel case against Elliott November 29, 2023 A court has ruled in favour of the London Metal Exchange (LME) around its suspension of the nickel market mid-short squeeze last year.
Pennon Water hikes dividend and capital spending plans despite profit slump November 29, 2023 Pennon Water reported a 90 per cent drop in profit this morning but hiked its dividend as management remained confident about the group's outlook.
Shell’s floating LNG plant to restart next month November 28, 2023 Shell is set to restart export operations at its giant floating LNG facility in Australia next month following an extended closure.
Octopus boosts renewable capacity ahead of Shell Energy deal November 27, 2023 For an undisclosed fee, Octopus Energy has bought into Ørsted’s Walney Extension wind farm, the eighth largest in the world. The generation arm of the energy supplier has taken a 12.5 per cent stake in the Irish Sea project, which was built in 2018. The project has 87 turbines with a generation capacity of 660 [...]
Global scramble for Uranium spells trouble for UK’s nuclear plans November 27, 2023 City A.M.’s energy editor Rhodri Morgan delves into the sector’s challenges in his weekly column. The global rush for Uranium, and the consequential price spike, could pose a major headache for the UK’s nuclear power ambitions. Nuclear power currently provides about 10 per cent of the world’s electricity. And, despite this relatively small market share, [...]
Biggest since Deepwater Horizon as Talos and Occidental still battling 62,000-barrel mega oil spill November 23, 2023 The largest US oil spill since Deepwater Horizon is currently unfolding in the Gulf of Mexico near Louisiana, as energy giants continue battle to protect the environment from disaster. Occidental Petroleum, W&T Offshore and Talos Energy are among the oil drillers that have ceased offshore production after a subsea pipeline ruptured and leaked around 26,000 [...]
Petroineos to cut Grangemouth oil operations by 2025 in attempt to ‘reflect the decline in demand’ November 22, 2023 The owner of Scotland's only oil refinery has said it could cut operations at the plant as soon as 2025.
OPEC+ meeting delay sends oil prices south November 22, 2023 Oil prices dived today following the news that the Organisation of the Petroleum Exporting Countries (OPEC+) has postponed its upcoming meeting.
Carmakers and energy giants cheer Hunt’s investment booster – but it still falls short of US green deal November 22, 2023 Jeremy Hunt's plans to increase investment in the country's renewable energy sector and electric vehicle industry have been welcomed - but experts warn it might not be enough.
