A Hong Kong-based hedge fund has emerged as a significant force in the ongoing shake-up at British oil engineering firm Hunting PLC. Oasis Management, having accumulated more than 5 per
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Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in
Plans to overhaul the electricity market across England, Wales, and Scotland are under scrutiny, as recent research indicates that the proposed changes could pile an additional £3 billion onto household
The ancient upland track known as the Harroway, believed to be the oldest road in Britain, is facing a significant shift as plans for a 259-acre solar farm are set
Oil production targets were surpassed by Ithaca Energy last year, reaching an impressive average of 80200 barrels per day. This achievement marks a significant increase from 70200 barrels per day
The chief executive of Centrica, Chris O’Shea, has raised concerns about proposals to introduce regional electricity pricing in Britain, branding the concept as unrealistic and fraught with challenges. These proposals,
Ofgem has approved a £4 billion investment to secure the future of Britain’s electricity infrastructure and help meet the nation’s ambitious 2030 green energy targets. This move will allow companies
The UK government has been urged to fulfil its commitment to the full £8.3 billion budget pledged to Great British Energy (GB Energy) amidst concerns about its ability to meet
The potential overhaul of Britain’s energy market system has sparked a heated debate over fairness and investment costs. Proposals to switch from the current national wholesale power model to regional
The Indian government has unveiled groundbreaking legislation designed to revolutionise its domestic oil and gas exploration sector, marking a decisive shift towards energy independence. The move comes as Asia’s third-largest
The chief executive of BP, Murray Auchincloss, has defended his decision to scale back the firm’s previous commitments to renewable energy and increase fossil fuel production, stating that the strategy
The UK government’s plan to support onshore wind power growth in Scotland beyond 2030 has raised significant concerns among key developers. Despite projections that onshore wind capacity in Scotland will
Harbour Energy, the UK’s largest oil and gas producer, has reported a post-tax loss for the past financial year, as higher taxes on North Sea operations offset a significant increase
The UK government has revealed a comprehensive set of proposals aimed at reshaping the North Sea’s energy future, prioritising a shift away from oil and gas exploration towards cleaner energy
The soaring costs of managing bottlenecks in Britain’s electricity transmission network have reached alarming levels, with consumers bearing the brunt of these inefficiencies. In the first two months of 2025,
Gas prices in Britain and Europe have risen sharply following the breakdown of talks between President Trump and President Zelensky, casting doubt on the possibility of a peace agreement between