Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases November 2, 2023 Shell is the latest energy giant to post a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a 40 per cent decline year-on-year.
Drax sustains its biomass hopes with carbon capture push November 2, 2023 Drax's biomass terminals have been at the centre of controversy in the UK's push to reach net zero and bolster energy security.
Tata Steel: Up to 3,000 Port Talbot jobs saved – for now November 1, 2023 Up to 3,000 steelworkers at Tata Steel’s Port Talbot plant have been granted a temporary reprieve after an expected announcement on job cuts has apparently been pulled.
Oil prices rise ahead of US interest rate decision November 1, 2023 Oil prices climbed more than one per cent today as investors await the latest interest rate decision from the US Federal Reserve.
Orsted shares tank after halting two major US wind farms November 1, 2023 Orsted has halted two new offshore wind projects in the US as weighs up its energy portfolio - scaling down its American ambitions.
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.
Octopus’ valuation at the centre of £8bn tussle for Australian energy giant October 31, 2023 The value of Octopus Energy is a growing bone of contention in an attempted multibillion pound takeover of an Australian biggest energy.
Hooked on gas? How Europe could fare in a winter energy crisis October 31, 2023 Experts are divided over whether Europe is in prime position to meet its energy needs this winter, with the continent depending on LNG.
BP’s profit slump points to falling gas prices, but does not explain sluggish shares October 31, 2023 BP missed analyst expectations with a heavy decline in third quarter profits, but there are bigger questions over its share price.
BP posts hefty £2.7bn earnings but misses estimates amid falling gas prices October 31, 2023 Energy giant BP has posted hefty third quarter earnings of £2.7bn ($3.3bn) this morning, fuelled by robust fossil fuel trading and soaring oil prices.
