Net zero gas firm IOG rings changes with new CEO, CFO and COO to give ‘fresh impetus’ October 20, 2022 The CEO of net zero gas operator IOG has announced he will step down after five years in the job, with a raft of other board changes in the pipeline. Andrew Hockey will retire from the company with immediate effect, but will remain an adviser ahead of the 33rd offshore licensing round. His replacement has [...]
Labour would ban fracking ‘for good’ if Starmer gets into power October 13, 2022 Labour has committed to ban fracking “for good” if it was to get into office, while condemning a plan for a price cap on renewables. Keir Starmer’s party called of the Prime Minister to call of plans to block renewable energy projects, while calling fracking “expensive, dirty, and dangerous” Since the Russian invasion of Ukraine [...]
UK top of the charts for offshore floating wind as global projects boom October 12, 2022 The UK remains the global leader in floating offshore wind amid a rise in global developments, according to Renewable UK.
Octopus edges toward Bulb takeover as £4bn saga nears its end October 8, 2022 Octopus is edging closer to taking over fallen rival Bulb, bringing to an end the biggest state bailout since RBS in 2008.
Octopus Renewables continues buying spree amid market volatility September 28, 2022 Octopus Renewables Investment Trust has eased through market volatility to complete four acquisitions and grow its net assets.
Breezy does it: Government eases planning rules to boost onshore wind September 23, 2022 Energy bosses have welcomed the Government's decision to relax planning rules around onshore wind developments.
Octopus grows wind portfolio with UK and German investments September 16, 2022 Octopus has expanded its onshore and offshore wind portfolio with two investments in the UK and Germany. The asset manager today announced it has acquired an additional 7.75 per cent stake in the Lincs offshore wind farm, while also buying the Leeskow facility in Brandenburg, north-east Germany. Lincs, which following the transaction represents almost 16 [...]
End of an era: Van Beurden leaving as Shell CEO after a decade as gas chief Sawan takes over September 15, 2022 Oil and energy giant Shell confirmed this morning that its chief executive will step down later this year after close to a decade in the top job. Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan. After resigning as chief executive at [...]
Free market think tanks criticise Truss’s energy price freeze September 8, 2022 Free market think tanks have said that the government’s plan to freeze energy bills will be ineffective and does not sufficiently target those most in need of support. “The energy price freeze is middle class welfare on steroids,” Andy Mayer, CEO of the Institute of Economic Affairs, said. “It represents a gigantic, untargeted handout to [...]
Sigh of relief as energy price cap forecasts drop by more than £2,000 in just a week September 4, 2022 The forecasts for next year’s energy price caps have once again dropped as gas prices fell this week. Auxilione, a consultancy that updates its predictions daily, reduced its price cap forecast for April next year by £23 – the third drop in a row. The forecast for April’s cap is now £5,539 per year for [...]