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Energy

  • Total Energies to cough up £1.7bn to pay off hiked windfall taxes

    January 18, 2023

    French oil major TotalEnergies has confirmed it will take a £1.7bn hit in the fourth quarter from EU and British windfall taxes.

  • Antofagasta posts bullish outlook for 2023 as copper prices soar

    January 18, 2023

    Antofagasta is optimistic about its prospects this year after navigating higher input costs and an ongoing drought in Chile.

  • Oil be damned: Global demand for oil set to hit all-time high this year as China reopens

    January 18, 2023

    Global oil demand will reach a record high this year, and rise by nearly 2m barrels per day this year, as China eases pandemic restrictions.

  • UK and EU at risk of losing green energy projects to US unless investment matched, renewable firms warn

    January 18, 2023

    The UK and European Union are at risk of losing green energy projects to the US - if they fail to match its new investment environment.

  • Uncertainty around China’s reopening weighs on Rio Tinto’s expectations

    January 17, 2023

    China's reopening from pandemic restrictions risks labour and supply-chain shortages, warned Anglo-Australian miner Rio Tinto.

  • National Grid pays wind farm operators £82m to turn off fans amid calls to ramp up battery plans

    January 17, 2023

    National Grid forked out £82m to operators of wind farms last month to constrain supplies and reduce output amid blustery conditions.

  • Fresh vote of confidence in North Sea oil and gas industry with bumper licensing round

    January 17, 2023

    Over one hundred bids have been made for new projects in the North Sea, in a huge vote of confidence for the embattled industry.

  • Gas prices deflate to 16-month low with more supplies shipped to Europe

    January 17, 2023

    Natural gas prices dropped to a 16-month low yesterday - with full stockpiles in China forcing buyers to send more supplies to Europe.

  • Energy storage: UK puts faith in tech to harness the renewable revolution

    January 17, 2023

    The UK is turning to technology to meet its energy needs as renewables' role in the domestic energy mix continues to grow.

  • Feeling Moody: Ratings agency downgrades outlook for UK’s troubled water companies

    January 16, 2023

    Moody's has downgraded its investment outlook towards the UK's embattled water industry from stable to negative.

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