Government must support semiconductor sector with funds to ward off overseas buyers, says Pragmatic boss January 31, 2023 It is cheaper to produce semiconductors “anywhere else in the world” compared to the UK, warned Pragmatic boss Scott White.
Hydrogen darling ITM Power to cut over 100 jobs as it grapples with heavy losses January 31, 2023 Hydrogen player ITM Power has slashed staff numbers by more than 100 people in a bid to shore up costs amid heavy losses.
Oil firms failed to capitalise on investment perks under windfall tax, Orcadian says January 31, 2023 The oil and gas industry should have invested in new projects instead of fighting the windfall tax, argued Orcadian Energy boss Steve Brown.
British Steel and Tata Steel must go green if given £600m bailout, climate groups say January 31, 2023 The UK's steel sector needs to be more ambitious in its targets after receiving a bumper handout in taxpayer cash, says Green Alliance.
Octopus calls on Ofgem to ease higher costs for non-debit customers January 30, 2023 Octopus Energy has urged Ofgem to end payment penalties sooner for standard credit customers as the cost of living crisis bites.
BP says oil and gas investment needed for 30 more years to avoid energy shortages January 30, 2023 The world risks price swings and shortages unless there is continued investment in the oil and gas sector, BP has warned.
Good Energy joins industry calls for a social tariff to protect vulnerable customers January 30, 2023 Momentum is growing in the energy sector for a social tariff, with Good Energy the latest supplier to call for more targeted support.
Ignoring nuclear will cost us dearly as the UK scrambles to stave off blackouts January 30, 2023 The need for a proven, continuous, low carbon power source has never been more urgent, and the only viable option for that is nuclear power.
Chevron unveils full-year record profits but falls short of expectations amid falling oil and gas prices January 27, 2023 Chevron posted a record £29.5bn profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates.
London hydrogen fund looks Stateside as UK falls behind on green subsidies January 26, 2023 A London-listed green hydrogen investor will pivot towards opportunities in the US to make the most of new subsidies.