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Riverstone Energy Ltd

  • Energy operators working to blend 20 per cent of hydrogen fuel into regular gas grid from 2023

    Hydrogen

    Energy operators of the gas grid said this morning they will have the capacity to blend 20 per cent of hydrogen fuel into the regular gas grid from next year. This means the grid will be able to deliver more hydrogen to households across Britain, a move that could see a drop in households’ carbon [...]

  • Expected 50 per cent hike in energy bills may trigger ‘devastating’ national emergency for millions of older Brits

    Energy bills

    An anticipated price jump of about 50 per cent for energy bills across the country, likely from April onwards, can lead to a national emergency for millions of older people, a charity warned this morning. Age UK has urged ministers to take immediate and decisive action on energy bills to “mitigate the potentially devastating impact [...]

  • Centrica boss on the energy crisis: High gas bills are here to stay

    Energy crisis

    Brits have been told the energy crisis may last for two years, according to Centrica’s chief executive Chris O’Shea. O’Shea said “the market suggests” high gas prices will continue “for the next 18 months to two years”. He said the high demand for gas was partly being driven by a move away from coal and [...]

  • Consumers should brace themselves for runway energy bills as price rises that overwhelmed suppliers in 2021 start to trickle down

    January 4, 2022

    Consumers should brave themselves for runaway household bills this year as the energy sector continues to struggle with soaring gas prices, which consigned a string of energy suppliers to the graveyard in 2021. Energy suppliers had been paying 54p per therm of gas at the beginning of last year. By September 2021, that had reached [...]

  • Exclusive: En+ chairman and former minister Lord Barker warns ‘don’t expect a big bang’ from COP26

    November 14, 2021

    Many eyes were on Lord Gregory Barker of Battle earlier this week, as ‘his’ global energy giant En+ was at the heart of COP26’s complex ecosystem of executives, government reps, lobbyists, NGOs and activists in Glasgow. Lord Barker was appointed independent chairman of the En+ Group board of directors in October 2017, just before the company’s [...]

  • Get ready for higher bills as energy costs are forecast to climb by 30 per cent

    October 7, 2021

    Analysts warned this morning that millions of Brits will face energy bill hikes of around 30 per cent. Research agency Cornwall Insight has predicted further volatile gas prices and the potential collapse of even more suppliers could push the energy price cap to about £1,660 in summer. The forecast is approximately 30% higher than the [...]

  • Energy crisis: Ofgem and Kwasi Kwarteng resist pressure and agree price cap is not going anywhere

    September 21, 2021

    Kwasi Kwarteng and Ofgem chief executive Jonathan Brearley have confirmed they had taken a unified position over the price ceiling continuing. The energy regulator and the Business Secretary agreed the energy price cap must “remain in place” during crunch talks to find a solution to record gas costs. Kwarteng held a crisis meeting with the [...]

  • Brits face choice between heating and eating, warns personal finance guru Martin Lewis

    September 20, 2021

    Thousands of Brits will be forced to make the devastating choice between heating and eating as energy bills rise, Martin Lewis has warned. The consumer and personal finance champion called the ongoing energy crisis “catastrophic” and said intervention is needed to help consumers. Soaring wholesale gas prices are putting an upward pressure on energy bills. [...]

  • Energy sector braces itself for wave of supplier bankruptcies as crisis grows

    September 20, 2021

    The Government wants energy firms to “stay afloat organically”, as the growing energy crisis led to company bosses saying the outlook was “looking bleak”. Four firms have already folded and there are fears that more could follow. With wholesale prices for gas surging by 250 per cent since January, with a 70 per cent rise [...]

  • Riverstone Energy share price rises as firm reveals $13m profit in third quarter one year after IPO

    October 29, 2014

    Shares in Riverstone Energy rose by 1.5 per cent yesterday after its third quarter results revealed a $13.4m (£8.3m) profit. Riverstone stated that it had assessed numerous potential exploration, production and midstream investments since last October, with nine made so far. Pierre Lapeyre, co-founder of Riverstone, commented: “While all nine investments are still in their [...]

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