Trump Media and Technology Group, the entity behind Truth Social, has announced a strategic pivot with the proposed merger of TAE Technologies, a company specialising in fusion energy. The six
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Shell’s chief executive, Wael Sawan, has announced that the company is preparing to capitalise on an anticipated period of depressed crude oil prices by pursuing selective bolt-on acquisitions. Speaking to
A London listed oil explorer once heralded for its global ambitions faces the threat of default after years of mounting debt. Tullow Oil, once a stalwart of the FTSE 100
Hundreds of employees at Orsted in Britain are facing uncertainty, following the announcement by the Danish wind energy giant that it will slash a quarter of its workforce globally. The
Motorists across the United Kingdom are set to benefit from lower fuel costs in the coming year, as the price of oil is projected to fall to its lowest level
BP has announced the approval of a £5 billion project to develop the Tiber oil field in the Gulf of Mexico, a resource previously considered too hazardous to exploit due
The Prax Lindsey oil refinery in Lincolnshire, once responsible for producing around 10 per cent of the United Kingdom’s petrochemicals, collapsed at the end of June with only £203 left
BP has delivered its most significant oil and gas discovery in a quarter of a century, striking a potentially multibillion-barrel reserve off Brazil’s coast. The FTSE 100-listed energy giant confirmed
The Lindsey oil refinery in Lincolnshire is set to shut its doors after administrators failed to secure a viable buyer, placing 625 jobs in jeopardy and creating ripples across the
Octopus Energy has launched a scathing criticism of energy regulator Ofgem following a £1.5m fine over what it describes as “impossible” customer billing rules. The energy supplier, now Britain’s largest,
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
In a significant development for the British energy sector, Spanish energy giant Iberdrola, the owner of Scottish Power, has initiated preliminary discussions with Ovo Energy regarding a potential merger that
Oil giant Shell has firmly rejected reports suggesting merger discussions with BP, following speculation about a potential £200 billion-plus energy group formation. The company’s spokesperson emphasised that “no talks are
Oil prices have witnessed a significant decline following growing confidence in the Iran-Israel ceasefire, dispelling earlier concerns about potential supply disruptions. Brent crude, the global benchmark, dropped 5.9 per cent
The artificial intelligence sector’s rapid expansion and the declining gas sales in Russia are contributing to the formation of a supply glut. The Russian government is now considering investing in
Britain’s largest producer of carbon dioxide, essential for operating theatres and the food and drink industry, has issued a stark warning of “imminent” closure following the recent US-UK trade agreement.
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