Energy

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 Asia-Pacific region. The investment…

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 Ofgem will announce a…

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 witnessed a 5 per cent surge, reaching…

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 US presidency. The company, amongst Europe's…

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, enabling the…

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 has climbed to $1.6 billion by…

Market observers are keenly awaiting SSE's interim results this Wednesday, with particular focus on the FTSE 100 energy group's spending strategies. The company, a dominant force in UK offshore wind development, has recently achieved…

The American oil industry stands poised for significant changes as Donald Trump's electoral victory signals a potential wave of deregulation, though experts suggest production surges may remain constrained by Wall Street's demands for…

Fresh government regulations expected to be announced next year will prohibit the installation of gas heating systems in new homes across England, with implementation scheduled for 2027. The landmark legislation marks a significant shift…

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…

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 defence concerns. The decision, announced…

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 conglomerate began reducing…

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 increase output. The decision comes as the coalition…

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 to approximately 245,000 households,…

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 of electricity needed by these sites. David Sleath…

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 the River Mersey with Cammell Laird Shipyard. The autumn sun…

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 ship following the abrupt departure Bernard…

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 Delta. Gbenga Kmolafe (NUPRC) chief executive told a Nigerian…