BP is set for a major strategic overhaul as Meg O’Neill is appointed chief executive, succeeding Murray Auchincloss in a surprise change that has triggered fervent investor reactions. The move
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Britain’s ambitions to ignite a new era of nuclear energy are facing significant headwinds following a dispute with Donald Trump over the future of the UK US trade deal. Plans
Soaring demand for artificial intelligence is dramatically reshaping the energy landscape in the United States, with leading technology companies forced to seek unconventional ways to feed the relentless appetite of
Britain’s National Energy System Operator has initiated a sweeping review of hundreds of electricity generation projects to alleviate a critical backlog within the national grid. This measure seeks to prioritise
Murray Auchincloss’s rise to the top of BP raised eyebrows from the outset. Promoted following Bernard Looney’s sudden departure, Auchincloss was seen by some as an understated numbers man –
Ed Miliband’s ambitious target of achieving 95 percent clean energy by 2030 has encountered a fresh obstacle as the Government revised down its forecasts for the output of wind farms.
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,
Ed Miliband, the UK energy secretary, is prepared to advance new measures aimed at encouraging oil and gas drilling in the North Sea, despite Labour’s firm manifesto commitment not to
A new era for atomic energy is mounting, as Britain and the United States lay the groundwork for nuclear-powered cargo ships and floating nuclear power stations. This bold step, heralded
JD Vance, the United States vice-president, has placed Britain at the centre of a coming wave of nuclear investment, following private discussions with major American nuclear companies during his recent
BP is rolling out a fresh wave of cost-cutting measures, despite outperforming analyst profit forecasts, as it seeks to boost returns for shareholders and quell activist investor demands. The FTSE
Chris O’Shea, the chief executive of Centrica, the owner of British Gas, has issued a stark warning to policymakers as the UK navigates its path to net zero. In an
Energy powerhouse SSE has announced a dramatic £3bn reduction in its green energy spending plans, raising concerns over its ability to meet 2030 net zero targets. The company cited delays
The UK’s ambitious plans to expand offshore wind energy capacity have faced a significant blow as the Danish energy firm Ørsted announced the cancellation of its Hornsea 4 project. The
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
BP, a once-formidable giant of the oil industry, is in the midst of a dramatic downfall as analysts and investors question its strategy and long-term viability. The FTSE 100 company,
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