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Energy
Gas storage in the EU reaches record levels as winter ends
The winter storage of natural gas has reached record levels in Europe, which puts the region in an excellent position to overcome the energy crisis that has dominated the continent for over two years.
Gas Infrastructure Europe, the…
As Treasury “stifles” offshore wind, energy prices could rise
A new report claims that consumers could see their energy prices rise further because the government is blocking the development of offshore wind power.
The Energy and Climate Intelligence Unit said that the ministers' budget is not…
Wind farms investigated for ‘overcharging by £100m customers’
Wind farms owners are under investigation by the energy watchdog over alleged market manipulating after being accused of charging consumers more than £100m.
Ofgem will investigate claims that renewable energy companies artificially…
The world’s largest solar company is cutting thousands of jobs due to falling prices
Solar panel manufacturers are set to cut their workforce by almost one-third as they struggle with an oversupply of panels and fierce competition.
Longi Green Technology Energy, a Chinese company, plans to reduce its staff by 30pc in a…
Morocco Renewable Energy Project looks to Germany instead of UK
The company that is behind the multi-billion pound project to export electricity from Morocco has considered an alternative option of sending electricity to Germany rather than Britain.
Xlinks' leaders, including Sir Dave Lewis, former…
With the acquisition of pipelines, EQT will create a $35 billion integrated gas group.
US natural gas producer EQT announced that it would purchase a pipeline company it had previously owned. This will create a $35bn fully integrated company. The domestic energy industry continues to be awash with mergers and acquisitions.…
Decision over first mini-nuke sites delayed amid legal action fears
Great British Nuclear (GBN) has postponed deciding where to build the first mini-nuclear power reactors until after the next elections due to concerns about potential lawsuits from contestants.
The agency in charge of promoting a "nuclear…
Harbour Energy suffers from lower gas prices
After lowering its natural gas price projections, Britain's largest oil and gas producer anticipates generating less free cashflow this year than expected.
Harbour Energy's free cashflow will be "marginally" positive after cutting its…
Profits at Britain’s largest power station rocket following surge in energy costs
Profits for the operator of Britain's biggest and most controversial power plant have increased by more than tenfold as a result of higher energy prices.
Drax's profits before tax in 2023 will be £796m, compared to £78m a year earlier.…
The British are at risk of blackouts due to delays in the construction of French nuclear reactors
Analysis finds that UK faces a 'crunch-point' due to delays at Hinkley Point C and the closure of other nuclear plants.
New research warns that delays to French-built nuclear reactors will put the UK at risk of blackouts in 2028.
The…
Exploring Pantheon Resources PLC Post-AGM Investor Presentation Highlights
On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points
Dominic Raab warns that China could push up UK energy prices further.
Dominic Raab warned that unless Western governments are able to break China's stranglehold on critical minerals required for the green energy transformation, households will face higher bills.
Former foreign secretary and deputy prime…
The world’s largest solar company warns the west against cutting out Chinese suppliers
Solar panel manufacturers in Europe and the US have warned against excluding Chinese companies from renewable energy supply chains.
China dominates the solar manufacturing industry, with more than 80 percent of global production,…
Geologists announce the beginning of a ‘Gold Rush’ for hydrogen energy
Scientists are predicting the beginning of a "golden age" in energy for a resource that was previously overlooked -- naturally occurring hydrogen.
According to a study unpublished by the US Geological Survey, underground reservoirs…
British Gas profits increase tenfold as millions struggle with bills
Centrica's recovery has been aided by the energy crisis. The profits for British Gas' owner were nearly £2.8 billion in 2018. This is a drop from the £3.3 billion record set in 2022 but still second in group history.
British Gas was one…
Shell: World to increase demand for LNG
Shell forecasts that the global demand for liquefied gas will increase by over 50% by 2040, as people switch to cleaner energy sources.
The oil major's latest energy outlook suggests that global demand will peak in 2040, with the growth…
Ship shortage delays Britain’s largest wind farm
The completion of Britain's largest offshore Wind Farm will be delayed by an entire year due to a chronic lack of construction vessels.
According to the developer of Dogger Bank, SSE, it has been affected by significant disruption due to…
Scientists from Europe set a record for nuclear fusion energy
Scientists in Europe have achieved a new record for energy produced by nuclear fusion. This is another step forward in the decades-long quest to harness the reaction that powers our sun.
Researchers at the Joint European Torus Facility…