Shell has cancelled plans to build a major biofuels plant in Rotterdam, marking a significant retreat from green energy initiatives for one of the world’s largest oil and gas groups.
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The Prax Lindsey oil refinery in Lincolnshire, once responsible for producing around 10 per cent of the United Kingdom’s petrochemicals, collapsed at the end of June with only £203 left
The leading operator of wind farms in UK waters has secured crucial support from the Norwegian state-controlled energy group Equinor, as the offshore wind sector faces unprecedented political and financial
British households are set to face higher energy bills from October as the rising cost of paying wind farms to switch off pushes annual prices up by two per cent.
Greg Jackson, the founder of Octopus Energy, has secured a notable government advisory position just weeks after a public divergence with Ed Miliband over energy pricing strategy. Jackson is set
The British chemical industry faces an existential crisis as a leading credit insurer deems the entire sector “very high risk” amid unprecedented rises in energy costs and a surge in
Centrica, the owner of British Gas, has made a significant £1.5bn investment in the UK’s energy future by acquiring Europe’s largest liquefied natural gas (LNG) import terminal on the Isle
The global oil market is heading towards a historic oversupply in 2026, driven by aggressive production increases from the Saudi-led Opec+ bloc, as worldwide demand falters. The International Energy Agency
Rolls-Royce, a titan of British engineering, is setting its sights on becoming the largest publicly listed company in the United Kingdom by market value. Chief executive Tufan Erginbilgic, who took
Ministers have pledged to accelerate key nuclear projects across Britain, aiming to position the country as a global leader in green energy. The move accompanies a Government-commissioned taskforce’s call this
CK Infrastructure, a leading Hong Kong-based utilities investor, is on the verge of securing a £2 billion agreement to acquire the Isle of Grain liquefied natural gas terminal from National
Shares in Ørsted, the world’s largest developer of offshore wind farms, endured a dramatic drop after the group announced a £7.4 billion capital raise. The funding move followed a wave
BP is set to restart production at the Murlach oil and gas field in the North Sea, reversing a trend of declining output and industry retreat. The decision follows significant
Elon Musk’s Tesla is on the brink of a significant move into the UK energy sector. The renowned US electric car manufacturer has officially applied to the Great Britain energy
BP is rolling out a fresh wave of cost-cutting measures, despite outperforming analyst profit forecasts, as it seeks to boost returns for shareholders and quell activist investor demands. The FTSE
BP has delivered its most significant oil and gas discovery in a quarter of a century, striking a potentially multibillion-barrel reserve off Brazil’s coast. The FTSE 100-listed energy giant confirmed
