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
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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
The UK’s nuclear power sector is at a pivotal moment as Labour’s Energy Secretary, Ed Miliband, prepares to announce the next steps in Britain’s nuclear revival. Key decisions are imminent
The government’s first renewable energy auction has resulted in a record-breaking 131 new green infrastructure projects, including nine offshore wind farms. This is a notable increase from the 92 projects
The UK government has approved a significant battery storage project with connections to China after a national security review. Chancellor of the Duchy of Lancaster Pat McFadden has greenlit the
The future of a significant £900 million oil and gas project in the North Sea is uncertain as Neo Energy, the lead developer, plans to reduce investment. This decision is
Mining Executives Caution Against Mergers and Acquisitions Frenzy Amidst Dealmaking Boom Predictions
As predictions of a dealmaking boom in the mining industry gain traction, top executives are urging caution, warning against repeating past mistakes. Companies are eager to secure commodities critical for
The UK government has initiated the hiring process for GB Energy, with plans to reveal the location of the state-owned company’s headquarters in Scotland next month. The Department for Energy
It has been widly reported that the energy regulator Ofgem’s price cap is set to rise by 10 per cent on 1 October, reaching £1,717 for the average household. This
