British energy giant BP and its partners have approved a substantial £7 billion gas project in Indonesia, marking a significant expansion of their liquefied natural gas (LNG) operations in the
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British households are bracing for another increase in their energy costs as mounting international competition for gas continues to drive prices upward. Cornwall Insight, a leading energy consultancy, projects that
European gas prices soared to their highest levels in a year on Thursday following Austrian energy giant OMV’s warning of potential supply disruptions from Russia. The European benchmark TTF futures
German power giant RWE has announced a significant scaling back of its €55bn renewable energy investment strategy, marking a pivotal shift in response to Donald Trump’s potential return to the
In a significant move towards Britain’s renewable energy future, energy regulator Ofgem has approved five groundbreaking subsea power cable projects. These interconnectors are set to transform the nation’s energy landscape,
American gas and oil producer Diversified Energy has reported a concerning rise in debt levels, pushing its financial leverage beyond targeted ranges amidst growing investor scrutiny. The company’s net debt
Deltic Energy, the AIM-listed oil and gas explorer, received a major boost to its plans for international expansion with a significant new gas discovery in the UK North Sea. Coming on the heels of the UK government's latest budget, which further tightened the fiscal regime for North Sea operators, the discovery highlights both the remaining potential and challenges of Deltic's home market as it looks to leverage its exploration expertise abroad.
In a significant move that underscores the growing intersection of renewable energy and national security, Sweden has rejected proposals for 13 offshore wind farms in the Baltic Sea, citing critical
The Adani Group has initiated power supply reductions to Bangladesh, escalating tensions over mounting unpaid bills that threaten to completely halt electricity exports to the South Asian nation. The Indian
Saudi Arabia and its OPEC+ allies have announced an extension of their oil production cuts until the end of December, marking a significant shift from their earlier plans to gradually
A company with links to the United Arab Emirates Royals approached one of UK’s leading green electricity providers about a possible takeover. Good Energy in Wiltshire, which provides renewable energy
Chief executive of one of Canada’s largest commercial property developers said that he would invest “hundreds and millions” more in new data centres, if only he could ensure the supply
The roof of an industrial building in the North West reveals a landscape of fields, smoke-belching chemical plants and a smoky sky. One horizon is the Welsh hills, another is
Many City analysts saw Murray Auchincloss, the Canadian executive who was confirmed as BP’s permanent boss by the company in January, as the continuity candidate that would help stabilize the
Shell’s $1.3 billion sale of its onshore production unit has been rejected by Nigeria, a blow for the oil giant’s plans to leave the troubled shallow-water sector in the Niger
EDF, the French energy company, is reported to be in talks with investors about raising up to £4bn for the Hinkley Point C project that has been delayed in Somerset.
