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Energy

  • 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

  • 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

  • Northvolt secures £3.95bn debt round as listing anticipation builds

    January 16, 2024

    Northvolt is expected to list in Stockholm this year in an IPO that could reach $20bn

  • Rio Tinto: We are in state of ‘chronic unease’ over safety at our mines

    January 16, 2024

    Mining giant Rio Tinto has pinned stimulus packages for the Chinese economy as drivers for a "gradual recovery" through 2024 despite key areas remaining weak.

  • Sizewell C: £20bn nuclear plant to begin construction after latest green light

    January 15, 2024

    Andrew Bowie, the nuclear minister will visit the site today, as he called the triggering of the DOC a “major milestone”.

  • Why gas – yes, gas – is set for a starring role in the green transition

    January 15, 2024

    Natural gas is going to play a big role in bridging the world towards cheaper renewables, but not everyone's happy about it

  • Octopus investment pours £200m into data centre heat recycling firm

    January 15, 2024

    Using the Octopus tranche, the UK firm Deep Green plans to expand its technology to more sites across the country.

  • Explainer: How Russia is dodging oil sanctions and what the West is doing about it

    January 13, 2024

    G7 sanctions are slowing Russia's oil industry but the sanctions are not having the desired effect

  • Oil leaps as strikes on Yemen’s Houthi rebels fuels Straits of Hormuz closure fears

    January 12, 2024

    Around 20 per cent of the world's oil passes through the Iran-controlled Straits of Hormuz each day

  • Oil engineer Wood Group sees profit lift as order book strengthens

    January 12, 2024

    Oil industry services company Wood Group has posted a near double-digit profit uptick on the back of a bevvy of major contract wins.

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