The United Kingdom economy recorded a 0.4 per cent expansion in the second quarter, maintaining its position as the fastest-growing major advanced economy. Official data released on Thursday confirmed this
Energy
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The energy regulator Ofgem has cautioned that speculative data centre developments threaten to obstruct viable investments on the national electricity grid, following the approval of a new facility near Heathrow
Nuclear power stations across Europe are being forced to reduce output or shut down as record-breaking heatwaves drive river levels to historic lows. The severe drought is compromising the ability
Neo Next+ has finalised its takeover of North Sea exploration company Deltic Energy after receiving judicial sanction. The High Court of Justice in England and Wales approved the scheme on
Revenue derived from North Sea oil and gas operations has continued to diminish, representing the most significant reduction in income for Scottish public finances. According to a report published by
The United States Department of Energy is preparing to provide an additional $1 billion in funding to X-energy for its advanced nuclear reactor project in Texas. This new financial commitment
Danish renewable energy developer Ørsted has reported continued profit growth for the first half of 2026, supported by a construction agreement at its major Hornsea 3 offshore wind project in
Australia’s largest aluminium smelter is set to operate entirely on renewable energy by 2033, following a significant agreement between Rio Tinto and the federal and New South Wales governments. The
The Port of Nigg on the Cromarty Firth is set to create 180 new jobs across the Scottish Highlands to facilitate the delivery of the 3.6GW Dogger Bank offshore wind
Econergy has secured £42.7 million in project financing from Santander to advance its 80MW/240MWh battery energy storage system (BESS) development in Immingham. The funding, arranged through Ecostar 1 Immingham Ltd,
UK cement producer Breedon Group has stated that output has fallen to its lowest point since 1950, citing excessive energy expenses and inconsistent emissions regulations as the primary causes. The
British oil major BP is advancing plans to guarantee a sustained flow of natural gas to its Atlantic LNG facility by finalising two separate agreements within the Caribbean nation. The
Aberdeen-based Balmoral Group has commenced production at a newly established manufacturing facility located in Ohio, United States. The investment into this specific site totals two million dollars and marks the
Global oil prices remained largely unchanged on Monday, 10 August, following a morning session where initial gains evaporated amid uncertainty surrounding negotiations to reopen the Strait of Hormuz. Progress in
UK-based Serica Energy has confirmed it will not increase its offer to acquire Pharos following an escalated rival proposal from competitor Ratio. The London-listed firm stated that the £145.7 million
Developers are increasingly turning to floating photovoltaic technology as land availability diminishes and electrical networks become congested. The strategy involves deploying panels on moored platforms situated at sea, often in
