Diversified Energy, which joined London’s junior oil and gas market seven years earlier, positioned itself as an unusual and unique prospect among the other oil-and-gas minnows. The American producer promised
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Asian battery manufacturers are racing to create new “superfast charging cells” for electric vehicles. These will allow refuelling cars as quickly as they can fill up with petrol or diesel.
The first phase of an ambitious project to build the largest wind farm in the world on British waters was pushed to the second half next year. Dogger Bank A
Sellafield must pay nearly £400,000 to settle criminal charges brought against it for years of cyber security failures at Britain’s largest and most dangerous nuclear site. According to the regulator
Ineos chief warns that oil tax raids and drilling restrictions could’suffocate’ the industry. A North Sea pipeline system that is vital to the economy could be closed a decade sooner
BlackRock and Microsoft are preparing to launch an artificial intelligence fund worth more than $30 billion to help meet the growing demand for AI. The fund will be used to
According to consumer advocate Martin Lewis, the government’s “perverse” targets for installing electronic smart meters at homes in the UK are causing energy customers to be shortchanged. Lewis, the founder
BP plans to exit the American onshore Wind Market with ten wind farms, as its new boss tries simplifying the business and boosting returns. The FTSE-100 energy group is selling
National Grid PLC, the company responsible for operating Britain's electricity grid, is set to sell its electricity system operating (ESO) to the government, marking a significant shift in the energy landscape. This move will see control of the grid return to public hands for the first time since the 1990s.
China is racing with the West to commercialise the revolutionary clean energy. A Shanghai-based start-up wants to raise $500mn for the development of cheaper nuclear fusion technologies. Since decades, nuclear
The head of a large North Sea oil producer warned that an “punitive tax regime” would hinder its plans to further invest in Britain. Chris Cox confirmed, as well, that
The concrete test track in Bedfordshire is a circular swath through lush countryside. It’s usually the place where high-performance vehicles are tested, but last weekend it was a less frantic
City taskforce says the UK will need to invest £1tn over the next 10 years if it is to meet its economic growth goals. The Capital Markets of Tomorrow Report,
Recent forecasts suggest that the impact of new offshore wind farms on household energy bills will be relatively modest. According to predictions by Cornwall Insights, a leading energy consultancy, these
The chief executive of Enquest, a major North Sea oil and gas producer, has issued a stark warning about the detrimental effects of the windfall tax on offshore oil and
The United Kingdom is set to close its final coal-fired power station at the end of September, marking the end of a 140-year reliance on coal for electricity generation. This
