UK risks missing energy goals due to poor investment climate, industry body warns February 20, 2023 Britain’s climate targets and energy security goals are at risk from its poor investment environment, warns Energy UK.
BP and Shell: Will the mega profits of energy giants power our greener future? February 20, 2023 BP and Shell have pledged to ramp up renewable spending to meet the UK's climate and energy security goals, but can we trust them?
Oil prices to stay high this year on China reopening and OPEC output snags, experts predict February 19, 2023 Oil prices will be propped up this year by rebounding demand from China alongside tightening supplies into Europe and OPEC's capacity issues.
EDF: Inflation drives Hinkley Point C nuclear plant costs from £26bn to £33bn February 18, 2023 EDF has told investors that the cost of Hinkley Point C nuclear plant could balloon to £33bn, a near 30 per cent hike on previous estimates.
Customers face higher bills as Ofgem double Covid allowance for suppliers February 17, 2023 Ofgem has announced it will almost double the allowance it grants energy suppliers to recover some of the bad debt costs from the pandemic.
Shell: European demand to boost LNG competition over next two years February 16, 2023 Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years, Shell revealed on Thursday.
Concern for millions as Ofgem confirms forced prepayment meter ban ends in April February 16, 2023 The suspension on forced installations only extends until the end of March, confirmed watchdog Ofgem in a letter to suppliers.
British Gas owner Centrica posts £3.3bn record profit – more than treble last year’s £948m February 16, 2023 British Gas owner Centrica has unveiled record profits of £3.3bn - powered by soaring energy prices and historic market volatility.
Offshore wind plans must be sped up to meet energy security goals, green group warns February 16, 2023 UK offshore wind pipeline has reached nearly 100GW - more than double its overall generation target to reach net zero.
Capricorn ditches Newmed merger deal after activist coup February 15, 2023 British oil and gas producer Capricorn Energy has pulled the plug on its planned merger with Israeli gas group Newmed Energy.