The United Kingdom faces a surge in gas imports after a sharp decline in North Sea production triggered by Energy Secretary Ed Miliband’s policies. Official government data published this week
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President Trump has sharply rebuked the UK government over its tax regime for North Sea oil, declaring the resource a “treasure chest” and warning high taxes threaten its economic potential.
The tantalising prospect of transforming base metals into gold has captivated thinkers throughout history from ancient Egyptians to Sir Isaac Newton. Now, a Silicon Valley start-up, Marathon Fusion, asserts it
A new nuclear power plant at Sizewell C in Suffolk is set to commence construction, now estimated to cost £38 billion. This figure represents a significant increase from earlier cost
Chris O’Shea, the chief executive of Centrica, the owner of British Gas, has issued a stark warning to policymakers as the UK navigates its path to net zero. In an
British households are bracing for an increase of at least £50 in their annual electricity bills due to significant delays in the government’s clean power infrastructure projects. The setback undermines
Energy Secretary Ed Miliband has abandoned controversial plans to implement differential electricity pricing across Britain, marking a significant shift in energy policy. The proposed ‘zonal pricing’ scheme, which would have
Octopus Energy has launched a scathing criticism of energy regulator Ofgem following a £1.5m fine over what it describes as “impossible” customer billing rules. The energy supplier, now Britain’s largest,
The transport division of the Prax Group’s £10 billion energy empire has collapsed into administration, marking another significant blow for the British husband-and-wife entrepreneurs’ business venture. Axis Logistics, responsible for
In a surprising turn of events, Shell has announced a significant weakening in its gas trading business during the second quarter, citing geopolitical uncertainties as the primary factor. The FTSE
Major commodity trading group Glencore was kept in the dark about critical financial difficulties at the Prax Lindsey oil refinery until mere days before its collapse into administration, despite government
A critical oil refinery responsible for 10% of Britain’s fuel supply stands on the brink of closure, threatening significant disruption to national fuel distribution. The Lindsey Oil Refinery in Lincolnshire,
In a landmark decision, Britain’s energy watchdog Ofgem has authorised an unprecedented £24 billion investment in the nation’s electricity grid infrastructure. The investment package includes £15 billion for gas transmission
Energy suppliers failing to meet Ofgem’s financial resilience targets are gaining an unfair market advantage and should be publicly identified, according to industry competitors. The regulatory body faces mounting criticism
One of Britain’s last remaining oil refineries has fallen into administration, triggering urgent government intervention and putting approximately 400 jobs at risk. The Prax Lindsey facility, situated on the River
The stark reality of Britain’s escalating electricity crisis is becoming increasingly evident as both industries and households grapple with unprecedented power costs. The situation has reached a critical point where
