Eni plans €2.5bn investment into UK energy sector as calls for windfall tax escalate May 22, 2022 Italian oil major Eni will spend at least €2.5bn in the UK over the next four years, amid growing calls for a windfall tax.
Business Secretary backs vital minerals plant to reduce dependency on China May 22, 2022 A proposed rare earth metal processing plant on the Humber is set to receive the backing of Business Secretary Kwasi Kwarteng.
New habits can drive down energy bills suggest industry experts May 22, 2022 Behavioural changes could help drive down spiralling energy bills for struggling households this winter.
Chancellor urged to cut household bills by £200 with ‘retrofit revolution’ May 20, 2022 A group of the UK’s most senior housing figures have called for a "retrofit revolution" to cut down household bills.
Woodside shareholders back BHP merger May 20, 2022 Shareholders have approved Woodside's proposed merger with BHP Group’s petroleum arm. with 98.66 per cent in favour of the deal.
European Commission proposes carbon allowances sell-off to ensure energy security May 19, 2022 The European Commission announced €20bn worth of allowances will be sold to help fund its green ambitions and ensure the bloc's energy security.
Russia threatens to send supplies to other countries if EU brings in oil ban May 19, 2022 Russia is prepared to send any supplies rejected by European countries to other regions such as Asia if it brings in more energy sanctions.
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
European Commission unveils renewable targets in €210bn plan to ditch Russian fossil fuels May 18, 2022 The executive arm of the EU has pushed the trading bloc to ramp up renewable energy generation and reduce consumption levels.
Windfall tax would jeopardise North Sea investments argues UK’s offshore energy body May 18, 2022 The UK's leading offshore energy body has warned Kwasi Kwarteng that a windfall tax could undermine stability in the oil and gas sector.