More than 80 per cent of commercial properties across England face becoming unlettable by 2030 without substantial investment, as landlords issue stark warnings about the government’s “unrealistic” sustainability targets for
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In a significant strategic move, National Grid has finalised the sale of its American renewable energy assets to Canadian private equity firm Brookfield Asset Management for $1.735 billion. The transaction
Britain’s reliance on Norwegian electricity imports has become increasingly precarious as political tensions mount over power exports in the Nordic nation. The critical 450-mile interconnector linking British and Norwegian power
The global energy landscape stands poised for a significant transformation as prospects of peace between Russia and Ukraine emerge, potentially reshaping market dynamics in favour of US interests. The anticipated
The Office for Nuclear Regulation (ONR) has lifted special measures on physical security at Sellafield, the world’s largest plutonium storage facility, whilst maintaining heightened scrutiny over its cybersecurity protocols. The
The engineering consultancy John Wood Group has witnessed its shares plunge by more than 55% following revelations of severe financial difficulties and governance concerns. The company’s announcement of a potential
The activist investment powerhouse Elliott Management has accumulated a substantial £4 billion stake in British energy giant BP, advocating for a significant strategic shift that mirrors rival Shell’s recent transformation.
BP’s newly appointed chief executive Murray Auchincloss has announced plans to “fundamentally reset” the oil giant’s strategy amidst declining profits and mounting pressure from activist investor Elliott Management. The company
BP’s shares experienced a remarkable surge of more than 6 per cent on Monday, positioning the company at the pinnacle of the FTSE 100. This significant movement follows reports that
Danish renewable energy giant Orsted has announced the departure of its chief executive Mads Nipper following a catastrophic 80% decline in the company’s share value during his leadership tenure. The
Global financial markets are closely monitoring developments from China following significant advancements in nuclear fusion technology. The breakthrough has triggered widespread concern amongst Western governments and institutional investors, highlighting growing
Shell has recommenced production at its Penguins oil field in the North Sea following a four-year pause for infrastructure modernisation. The strategic facility, positioned 150 miles northeast of the Shetland
A judge has overturned government consent for the development of two significant North Sea oil and gas projects, casting uncertainty over future operations within the region. The ruling by Lord
In the shadow of a decommissioned nuclear power station, a former coal-handling port in North Ayrshire is set to host a £2 billion factory producing thousands of kilometres of subsea
A significant political upheaval has rocked Norway as its coalition government collapsed today following intense disagreements over the implementation of EU energy directives. The departure of the Eurosceptic Centre party
Sizewell B, Britain’s youngest nuclear power station, stands as a testament to the nation’s commitment to low-carbon energy production. The facility, situated on the Suffolk coast, has been a cornerstone