The surge in gas prices after geopolitical tensions, notably following events such as Russia’s invasion of Ukraine, has had a profound impact on Britain’s electricity market. The government acknowledged the
Gas
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Economists have raised concerns that interest rates in the UK may exceed 4 per cent if prices for oil and gas continue to rise. This potential increase comes as the
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
Ed Miliband, Shadow Secretary of State for Business and Industrial Strategy, has stated that the UK’s reliance on fossil fuels creates a significant vulnerability. This perspective aligns with Labour’s broader
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,
Shell and Exxon Mobil have announced the cancellation of a planned sale of $500 million worth of North Sea natural gas assets to Viaro Energy. This decision comes after the
EnergyPathways PLC has outlined the critical importance of domestic gas storage infrastructure as the United Kingdom grapples with declining capacity and heightened requirements for energy security amid the transition to
The UK government has been urged to take decisive action to prevent a gas supply crisis after senior energy advisers warned of significant risks to both households and businesses by
Petrofac, one of the United Kingdom’s leading offshore oil and gas contractors, faces a critical juncture as it scrambles to secure its financial future. The Aberdeen-based company, employing 2,000 skilled
Shell is set to take a substantial noncash impairment of $600 million dollars for the third quarter after abandoning the construction of what would have been one of Europe’s largest
Travel just 18 miles north of London to encounter the imposing Rye House power station in Hertfordshire, a facility with a long and lucrative history. Since beginning operations in 1993,
The United Kingdom faces a surge in gas imports after a sharp decline in North Sea production triggered by Energy Secretary Ed Miliband’s policies. Official government data published this week
In a surprising turn of events, Shell has announced a significant weakening in its gas trading business during the second quarter, citing geopolitical uncertainties as the primary factor. The FTSE
Despite the rising tensions in the region, Japan’s largest city gas supplier, Tokyo Gas, is not affected by the ongoing conflict in the Middle East. The company’s supply of super-chilled
British gas plants are positioned to receive substantial windfall payments this winter, following a pattern of multimillion-pound payouts from the previous cold season. The National Energy System Operator (NESO) reports
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