A London listed oil explorer once heralded for its global ambitions faces the threat of default after years of mounting debt. Tullow Oil, once a stalwart of the FTSE 100
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BP is pursuing damages exceeding £1 billion following a significant arbitration victory against the American liquefied natural gas (LNG) producer Venture Global. The case centres on claims that Venture Global
The European chemicals sector, once a powerhouse of the continent’s industrial landscape, faces existential jeopardy according to Sir Jim Ratcliffe, chief executive of Ineos. He warns that within a decade,
Hundreds of employees at Orsted in Britain are facing uncertainty, following the announcement by the Danish wind energy giant that it will slash a quarter of its workforce globally. The
Billionaire Sir Jim Ratcliffe’s Ineos is set to cut 60 jobs at its Acetyls plant in Hull, citing cheap Chinese imports and elevated UK energy costs as the key reasons
One of the world’s largest hedge funds has placed a significant £35 million short bet against Metlen Energy and Metals only two months after the Greek group debuted on the
The UK’s energy landscape turned a crucial page as Ratcliffe-on-Soar Power Station in Nottinghamshire was switched off on 30 September 2024, ending more than five decades of coal-fired electricity generation.
Small businesses throughout the United Kingdom face a sharp rise in electricity standing charges as the costs of energy network upgrades and government discounts for heavy industry are shifted onto
Energy billpayers in the United Kingdom have already footed a record £1 billion bill this year for switching off wind turbines, as the flaws in the nation’s drive toward net
Serica Energy has taken strategic advantage of the downfall of Prax Group, securing a deal to acquire the company’s North Sea assets in a move expected to bolster its standing
Ovo Energy, the United Kingdom’s fourth-largest energy supplier, has issued a stark warning regarding its future viability following its failure to meet Ofgem’s updated financial resilience requirements. The company, which
Labour’s stance on North Sea oil and gas extraction appears to be shifting, with Chancellor Rachel Reeves indicating a softer approach towards the much-criticised crackdown on new drilling. As Britain
Travel just 18 miles north of London to encounter the imposing Rye House power station in Hertfordshire, a facility with a long and lucrative history. Since beginning operations in 1993,
An American investment titan is negotiating to acquire a substantial 50 per cent share of Hornsea 3, which is set to become the world’s largest offshore wind farm, off the
BP’s latest World Energy Outlook forecasts that data centres supporting artificial intelligence are set to account for ten per cent of the growth in global electricity demand over the next
The Labour government is under mounting pressure as it considers approving limited expansions of existing North Sea oil and gas fields. While Labour’s manifesto has pledged a ban on new
