British Steel: £1.25bn green furnace upgrade announced as 2,000 job losses feared November 6, 2023 British Steel has announced plans to shut its blast furnace in Scunthorpe in its bid to go green with £1.25bn upgrade plans.
King’s Speech: All eyes on the green-fingered monarch as government backs oil and gas November 6, 2023 King Charles will have to announce oil and gas pledges in the King's Speech tomorrow — all eyes will be on his delivery.
Oil and gas licences to be dished out annually, King’s Speech will confirm November 6, 2023 Announcement in King's Speech will draw battle lines with Labour over energy policy
UK climate group secures £3m investment from Barclays November 6, 2023 The cash injection was provided by Barclays Sustainable Impact Capital, a programme set up by the bank to invest £500m in startups by 2027.
Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts November 6, 2023 Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.
A tale of two oil giants: BP struggles to keep up with Shell, but net zero scrutiny is coming November 6, 2023 Energy giants unveiled sharp downturns in their usual earnings last week, but BP is struggling compared to its rival Shell.
Energy bills set to RISE next year as volatility spooks oil and gas markets November 6, 2023 Household energy bills will not ease any time soon, with forecasters warning that the energy price cap is now set to rise again.
Britishvolt buyer Recharge failing to pay UK staff – report November 5, 2023 The Australian buyer of the failed battery start-up Britishvolt has not paid its UK staff for the last four months, according to a report.
Oil heads for weekly loss as Israel-Hamas war risk premium wanes November 3, 2023 Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose up to 3% on the week.
Brookfield to push ahead with $10.6bn bid for Octopus Energy shareholder November 2, 2023 A Brookfield-led consortium has accused Origin Energy's largest shareholder, Australiansuper, of "holding the company hostage."