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Energy

  • Oil prices plummet as Russia-Ukraine peace talks show signs of promise

    March 29, 2022

    Oil prices nosedived on Tuesday afternoon across both major benchmarks - extending losses from the previous day.

  • Polymetal weighs up Russian demerger after Ukraine invasion

    March 29, 2022

    Polymetal International has confirmed it is "evaluating various options that could maximise shareholder value following a difficult trading period.

  • Ørsted sells 50 per cent stake in world’s largest offshore wind farm for £3bn

    March 29, 2022

    Ørsted has offloaded a 50 per cent stake in the world's largest offshore wind farm for £3bn to AXA IM Alts and Crédit Agricole.

  • Kwarteng targets trebling of solar power capacity as part of renewable ramp up plans

    March 29, 2022

    Business Secretary Kwasi Kwarteng backs renewable ramp up to ensure secure energy supplies, despite concerns over community backlash.

  • EU and UK at loggerheads over wind farms as Commission launches WTO legal challenge

    March 29, 2022

    The European Commission has launched a legal challenge against the UK's subsidy criteria for wind farms.

  • OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier

    March 29, 2022

    OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.

  • No we will not pay for Russian energy in roubles, say united G7 as leading economies reject Putin demand

    March 28, 2022

    Germany’s energy minister disclosed today that G7 countries have agreed not to give in to Moscow’s demand to pay for energy imports from Russia in roubles. Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.” Habeck said that “payment in rouble [...]

  • EDF announces another delay to Hinkley Point C nuclear plant

    March 28, 2022

    EDF has revealed it will have to announce new delays and cost overruns for its Hinkley Point C nuclear plant project in the UK.

  • Downing Street calls on public sector bodies to review contracts with Russian energy suppliers

    March 28, 2022

    The government has instructed public sector bodies to review energy deals and other contracts they have with Russian firms.

  • British Airways is the first airline to take delivery of UK sustainable jet fuel

    March 28, 2022

    British Airways has become the first airline to use sustainable aviation fuel produced in the UK on a commercial scale.

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