The potential overhaul of Britain’s energy market system has sparked a heated debate over fairness and investment costs. Proposals to switch from the current national wholesale power model to regional
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The Indian government has unveiled groundbreaking legislation designed to revolutionise its domestic oil and gas exploration sector, marking a decisive shift towards energy independence. The move comes as Asia’s third-largest
The chief executive of BP, Murray Auchincloss, has defended his decision to scale back the firm’s previous commitments to renewable energy and increase fossil fuel production, stating that the strategy
The UK government’s plan to support onshore wind power growth in Scotland beyond 2030 has raised significant concerns among key developers. Despite projections that onshore wind capacity in Scotland will
Harbour Energy, the UK’s largest oil and gas producer, has reported a post-tax loss for the past financial year, as higher taxes on North Sea operations offset a significant increase
The UK government has revealed a comprehensive set of proposals aimed at reshaping the North Sea’s energy future, prioritising a shift away from oil and gas exploration towards cleaner energy
The soaring costs of managing bottlenecks in Britain’s electricity transmission network have reached alarming levels, with consumers bearing the brunt of these inefficiencies. In the first two months of 2025,
Gas prices in Britain and Europe have risen sharply following the breakdown of talks between President Trump and President Zelensky, casting doubt on the possibility of a peace agreement between
More than 80 per cent of commercial properties across England face becoming unlettable by 2030 without substantial investment, as landlords issue stark warnings about the government’s “unrealistic” sustainability targets for
In a significant strategic move, National Grid has finalised the sale of its American renewable energy assets to Canadian private equity firm Brookfield Asset Management for $1.735 billion. The transaction
Britain’s reliance on Norwegian electricity imports has become increasingly precarious as political tensions mount over power exports in the Nordic nation. The critical 450-mile interconnector linking British and Norwegian power
The global energy landscape stands poised for a significant transformation as prospects of peace between Russia and Ukraine emerge, potentially reshaping market dynamics in favour of US interests. The anticipated
The Office for Nuclear Regulation (ONR) has lifted special measures on physical security at Sellafield, the world’s largest plutonium storage facility, whilst maintaining heightened scrutiny over its cybersecurity protocols. The
The engineering consultancy John Wood Group has witnessed its shares plunge by more than 55% following revelations of severe financial difficulties and governance concerns. The company’s announcement of a potential
The activist investment powerhouse Elliott Management has accumulated a substantial £4 billion stake in British energy giant BP, advocating for a significant strategic shift that mirrors rival Shell’s recent transformation.
BP’s newly appointed chief executive Murray Auchincloss has announced plans to “fundamentally reset” the oil giant’s strategy amidst declining profits and mounting pressure from activist investor Elliott Management. The company
