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Energy

  • Drax’s share price shows signs of recovery as biomass audit looms

    September 18, 2023

    Drax's share price has recovered from last week when the National Audit Office confirmed it will assess the government's biomass strategy.

  • Harbour Energy’s embrace of carbon capture reflects shift in North Sea industry aims

    September 18, 2023

    Harbour has embraced CCS while staying away from oil and gas - reflecting the mood music across the North Sea.

  • Oil prices continue rally amid OPEC cuts with $100 per barrel in sight

    September 18, 2023

    Oil markets have consolidated last week's hefty gains, with growing expectations of a widening supply deficit this year.

  • Gas prices ease despite escalating strike action at Australian LNG plant

    September 18, 2023

    Gas prices eased this morning after full operations resumed at a LNG major production facility in Australia following outages latest week.

  • Downing Renewables weighs up more share buybacks as market cap plummets

    September 18, 2023

    DORE has suffered a sharp drop in the overall value of its assets this year, reflecting increasingly challenging economic conditions.

  • Tata: 3,000 jobs at risk despite government pumping £500m into UK’s biggest steelworks

    September 15, 2023

    The Government is to pump up to £500 million into Britain’s biggest steelworks as part of plans to produce “greener” steel which could also hit thousands of jobs, sources have said. Tata, the Indian conglomerate that owns the Port Talbot steelworks in South Wales, will use the funding to help switch the plant’s two coal-fired [...]

  • Thames Water could soon be heating London homes… with sewage

    September 13, 2023

    Thames Water is exploring how Londoners’ homes could soon be kept warm by heat generated from sewage, City Hall has been told.

  • Forced prepayment meter installation ban extended

    September 13, 2023

    Energy suppliers have been banned from forcibly installing prepayment meters for people over 75 and in homes with children aged under two.

  • Another fine mess: Thames Water leaves large parts of London with low water pressure — or no water at all

    September 13, 2023

    Thousands of West London homes have been left without water, or with low water pressure, Thames Water has admitted this morning.

  • Global fossil fuel demand to peak ‘in the coming years’, IEA says

    September 12, 2023

    Global demand for fossil fuels is "set to hit a peak in the coming years" and gradually decline thereafter as the world pivots towards renewable energy sources, the head of the International Energy Agency said today.

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