The UK’s ambitious plans to expand offshore wind energy capacity have faced a significant blow as the Danish energy firm Ørsted announced the cancellation of its Hornsea 4 project. The
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Floral Energy, a British microgrid energy start-up, is positioning itself as a game-changer in the off-grid power sector. Founded by former Rolls-Royce executives Paul Stein, Mark Thompson, and Paul Tobin,
Banks within the City of London have been accused of pouring astronomical sums into fossil fuel projects, despite the accelerating urgency of the climate crisis. According to a recent study,
BP has announced a sharp reduction in its spending plans following a halving of profits for the first quarter of the year. The company’s strategy chief, Giulia Chierchia, has revealed
A British nuclear fusion company, First Light Fusion, has experienced a substantial 60 per cent reduction in its valuation following the decision to abandon its plans for building a prototype
A powerful consortium of British industrial heavyweights has unveiled an ambitious £6.5 billion project aimed at revolutionising the UK’s hydrogen production capabilities. The initiative, dubbed Project HySpeed, brings together prominent
A Hong Kong-based hedge fund has emerged as a significant force in the ongoing shake-up at British oil engineering firm Hunting PLC. Oasis Management, having accumulated more than 5 per
Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in
Plans to overhaul the electricity market across England, Wales, and Scotland are under scrutiny, as recent research indicates that the proposed changes could pile an additional £3 billion onto household
The ancient upland track known as the Harroway, believed to be the oldest road in Britain, is facing a significant shift as plans for a 259-acre solar farm are set
Oil production targets were surpassed by Ithaca Energy last year, reaching an impressive average of 80200 barrels per day. This achievement marks a significant increase from 70200 barrels per day
The chief executive of Centrica, Chris O’Shea, has raised concerns about proposals to introduce regional electricity pricing in Britain, branding the concept as unrealistic and fraught with challenges. These proposals,
Ofgem has approved a £4 billion investment to secure the future of Britain’s electricity infrastructure and help meet the nation’s ambitious 2030 green energy targets. This move will allow companies
The UK government has been urged to fulfil its commitment to the full £8.3 billion budget pledged to Great British Energy (GB Energy) amidst concerns about its ability to meet
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
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
