Ed Miliband, the UK Energy Secretary, is positioned at the heart of a contentious debate regarding new oil and gas projects off the coast of Aberdeen. The Jackdaw oil and
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The chief executive of the UK’s largest energy supplier has signalled a potential initial public offering for Kraken, a £6.4 billion software business, in London, contingent upon policymakers reversing the
A Danish energy giant has reactivated its plans for a significant wind farm in the North Sea, following assurances from Ed Miliband regarding additional financial support amounting to billions. This
Mexico’s state-owned oil company Pemex has confirmed its intention to honour existing supply contracts with Cuba, defying mounting pressure from the Trump administration to sever energy ties with the island
Taiwan has announced intentions to significantly expand imports of United States liquefied natural gas, targeting 30 to 33 per cent of total supply compared to the current 10 per cent
Russian President Vladimir Putin has reaffirmed China’s position as Moscow’s principal energy customer, characterising bilateral energy relations with President Xi Jinping as strategic during a video conference on Wednesday. The
Kraken Technologies is emerging as a significant player in the domestic energy sector, driven by innovative technology and strategic vision. Located in London, the company operates under the larger umbrella
Wholesale gas prices have increased on both sides of the Atlantic due to cold weather, prompting warnings of potential blackouts in Britain and Europe. Britain’s wholesale gas benchmark, the national
The global gas markets are currently experiencing a significant surge in activity, resulting in heightened concerns and implications for both consumers and businesses. Various factors are contributing to this volatility,
Recent figures reveal a staggering statistic regarding Britain’s wind farm turbines. Last year, they wasted sufficient energy to power all of London’s homes. This shocking data highlights the inefficiencies present
Ovo Energy, one of the UK’s largest gas and electricity suppliers, has been ordered to pay £2.8 million in compensation for its failure to deliver essential state support payments to
EDF is currently in discussions with the UK government regarding a subsidy contract that aims to extend the operational life of the Sizewell B nuclear power station until 2055. This
In a recent development, a wind farm project backed by BP has been cancelled, leaving the future of a second project uncertain following the failure to secure government contracts in
Germany’s EnBW has announced its decision to withdraw from the offshore wind projects Morgan and Mona in the Irish Sea. This decision comes in the wake of difficulties in securing
Britain has reportedly become as unappealing for investment as Venezuela due to Labour’s stringent net zero policies impacting the oil industry. A senior figure from the North Sea oil sector
Experts at Cornwall Insight have warned that the UK government is on course to miss its target for decarbonising the power sector by as much as a decade. The goal,
