Members of Parliament have voiced ongoing concerns about the speed and cost-efficiency of the nuclear clean-up operation at Sellafield, sparking broader concerns over public safety, environmental risks, and taxpayer value.
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Banks within the City of London have been accused of pouring astronomical sums into fossil fuel projects, despite the accelerating urgency of the climate crisis. According to a recent study,
A Hong Kong-based hedge fund has emerged as a significant force in the ongoing shake-up at British oil engineering firm Hunting PLC. Oasis Management, having accumulated more than 5 per
An aggressive American activist hedge fund has positioned itself with a substantial £850 million bet against shares in London-listed oil group Shell. This short position, which accounts for 0.5 per
Shell has unveiled ambitious plans under its new chief executive Wael Sawan to bolster gas production while reducing its investment in low-carbon initiatives. During a strategy update, Sawan articulated a
British energy giant BP has entered into a significant agreement with the Iraqi government to redevelop four substantial oil and gasfields in the northern region of Kirkuk. The landmark deal,
The activist investment powerhouse Elliott Management has accumulated a substantial £4 billion stake in British energy giant BP, advocating for a significant strategic shift that mirrors rival Shell’s recent transformation.
BP’s newly appointed chief executive Murray Auchincloss has announced plans to “fundamentally reset” the oil giant’s strategy amidst declining profits and mounting pressure from activist investor Elliott Management. The company
BP’s shares experienced a remarkable surge of more than 6 per cent on Monday, positioning the company at the pinnacle of the FTSE 100. This significant movement follows reports that
In a landmark move that reshapes the American power generation landscape, Constellation Energy has announced its acquisition of Calpine Corporation for $16.4 billion, marking one of the most significant transactions
The once-celebrated London-listed oil producer Tullow Oil has entered early-stage discussions regarding a potential all-share takeover by American counterpart Kosmos Energy, highlighting significant shifts in the energy sector landscape. Texas-based
American gas and oil producer Diversified Energy has reported a concerning rise in debt levels, pushing its financial leverage beyond targeted ranges amidst growing investor scrutiny. The company’s net debt
Ithaca Energy, a prominent North Sea energy firm, has reported a significant drop in its interim profit due to reduced production and declining gas prices. The company’s production decreased by
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