Gas markets slide as EU closes in on watered down price cap October 17, 2022 Gas prices are heavily down across UK and European benchmarks have fallen as the West pushes for a price cap on Russian supplies.
BP snaps up US biogas firm for £2.9bn to boost bioenergy business October 17, 2022 BP has boosted its presence in bioenergy, snapping up American biogas company Archaea Energy in a £2.9bn deal.
Furious En+ chairman hits back at Bloomberg for ‘wrong article’ on US sanctions October 17, 2022 Christopher Burnham, chairman of En+ Group, generally considered the world’s leading producer of low carbon aluminium and hydropower, has hit back at media giant Bloomberg. Its news site ran an article on 12 October making a series of allegations with regards to En+ Group’s relations to Russia and sanction compliance, which Morning Wire won’t repeat [...]
Government must avoid ‘cliff edge’ after cutting energy support package October 17, 2022 The Government must ease support for households to prevent them facing a sudden uptick in their energy bills, warned the BEIS chair.
Exclusive: ‘Price cap not fit for purpose’ as Government slashes support October 17, 2022 The energy price cap is "no longer fit for the purpose" and should be reviewed, argued energy specialist Cornwall Insight.
Bank of England offers energy firms backstop to combat soaring costs October 17, 2022 Energy firms will be able to apply for Government-backed guaranteed loans to secure their commercial future this winter.
None of your business: Suppliers ramp up closures as energy bills crisis bites October 17, 2022 Suppliers forced 20 businesses to close over unpaid energy bills in the last four months, according to new data from Mazars.
Inflation and supply chain woes take their toll on UK’s chemical sector October 17, 2022 The chemical sector has reported its first quarterly fall in sales since the height of the pandemic, according to the latest sector data.
Dam: Climate change poses risks to energy infrastructure October 16, 2022 Extreme weather events caused by climate change pose a significant risk to the world's energy infrastructure, warned the WMO.
Ukraine holds talks with US over gas reserves to fight supply crisis October 16, 2022 Ukraine is preparing to market its national gas reserves, and has entered into discussions with US firms over its supplies.