A report from Offshore Energies UK warns that the cost of dismantling obsolete oil and gas platforms in the North Sea has reached a new high, set to surpass spending
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Oil prices are heading towards their lowest point in two decades aside from the pandemic downturn, according to forecasts from JP Morgan. The bank projects the price of Brent crude
Energy bills are set to increase by £3 from January as Ofgem, the UK energy regulator, has announced a new price cap of £1758 per year for the typical household.
British households will see a marginal increase in energy bills at the start of the new year, as Ofgem, the energy regulator, raises the price cap on standard tariffs. From
Energy giant ExxonMobil has sharply criticised Labour’s policy on North Sea oil and gas, warning that the Government’s refusal to issue new drilling licences risks undermining British industry and economic
ExxonMobil has announced the closure of its Fife Ethylene Plant at Mossmorran in Scotland, attributing the decision to UK government policies and persistent high costs. The plant, operating since 1985,
Britain’s ageing energy infrastructure is under intense scrutiny following a major blaze at a substation near Heathrow Airport which paralysed the country’s busiest transport hub. Energy Secretary Ed Miliband has
Billionaire Daniel Kretinsky, owner of Royal Mail, is set to become the fourth largest shareholder in French oil giant TotalEnergies after a transaction valued at €5.1 billion (£4.5 billion). The
UK household energy debt is projected to reach £6 billion in 2026 according to new analysis from consultancy Baringa. Their study reveals a quarter of households will struggle to pay
SSE has unveiled plans to invest £33 billion in the expansion of its electricity networks over the next five years, marking a significant strategic shift for the FTSE 100 energy
Household energy consumption in the United Kingdom has fallen to near historic lows as soaring bills compel families across the nation to cut back. According to data released by officials
The recent addition of uranium to the list of critical minerals essential to the United States economy signals a significant shift in energy policy. The Department of Energy now recognises
The UK Government has opted to proceed with Rolls-Royce’s small modular reactors at Wylfa in Anglesey, declining a proposal from the American firm Westinghouse to construct a larger-scale nuclear facility
Ovo Energy is initiating significant reductions to its expenditure in a bid to secure its financial position as the company confronts heightened regulatory pressures imposed by Ofgem. The energy supplier,
Plans for a major high voltage cable factory in Scotland have been halted following the UK government’s rejection of the ambitious Xlinks undersea energy project. XLCC, the company behind the
Flooded coalmines across the UK could soon find a new lease of life as sources of low carbon geothermal heat, offering a bold answer to both energy costs and carbon
