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about 2 months ago
cityam.com

North Sea industry blames windfall tax for sharp declines in oil and gas production

The UK's North Sea industry is set for a steep decline in production and capital expenditure, according to the latest...

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about 2 months ago
cityam.com

Interview: Ovo Energy's boss bets on green future to cement Big Six status

Ovo Energy’s CEO Raman Bhatia talks about the sector’s latest challenges, from driving renewable energy to rethinking...

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about 2 months ago
cityam.com

Russian ships accused of plotting North Sea sabotage with ghost ships

The UK is under threat from a Russian programme to sabotage wind farms and cables in the North Sea, according to new ...

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about 2 months ago
cityam.com

Glencore willing to sweeten $23bn bid for Teck, ramping up pressure on board

Glencore said today that it is willing to improve its $23bn (£19.7bn) bid for Teck Resources, ramping up the pressure...

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about 2 months ago
cityam.com

Bad energy: Could Ofgem's pre-payment meter code of practice end up fuelling 'bad debt'?

Ofgem and Energy UK have warned over bad debt after the latest clampdown on prepayment meters failed to ban forced in...

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about 2 months ago
cityam.com

UK risks missing net zero goals, warns Ovo boss in bid to fight greenwashing

The UK will miss its net zero goals without bolder action from the government and energy industry, warns Ovo boss Ram...

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about 2 months ago
cityam.com

Forced prepayment meter installations for over 85s banned in Ofgem crackdown

UK energy suppliers have all signed up to a new code of practice for prepayment meters as part of an industry crackdown.

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about 2 months ago
cityam.com

North Sea industry push for windfall tax price floor in bid to boost bank lending

North Sea oil and gas producers are pushing the government to introduce a price floor in the windfall tax so that ban...

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about 2 months ago
cityam.com

Low-cost energy generation may no longer be winning factor for renewable auctions under governmen...

Applications for renewable projects could soon be assessed on their contributions to the wider green industry, rather...

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about 2 months ago
cityam.com

Exxon Mobil challenged by investors over climate goals ahead of AGM

LGIM and CBIS have co-filed a shareholder resolution, calling on Exxon Mobil to provide more climate disclosures.

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about 2 months ago
cityam.com

John Wood Group confirms talks with Apollo as it extends deadline for takeover bid

John Wood Group has confirmed it will hold talks with Apollo to see if a firm offer can be made on the same terms as ...

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about 2 months ago
cityam.com

National Grid needs competition for UK to meet energy ambitions

National Grid’s electricity network should be opened up to competition from private companies to speed up connections...

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about 2 months ago
cityam.com

Banks reduce support or North Sea oil firms as windfall tax becomes embedded

Banks are slashing their support for North Sea oil and gas firms as the windfall tax begins to impact financing deals...

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about 2 months ago
cityam.com

Feeding off scrap: Steel industry must go green if it wants taxpayer support

The steel sector must embrace scrap supplies if it wants to present a viable green future and win over taxpayer suppo...

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about 2 months ago
cityam.com

John Wood Group warms to Apollo's £1.7bn takeover offer

A US private equity group is on the verge of taking over oil and gas engineering giant John Wood Group, in a £1.7bn t...

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about 2 months ago
cityam.com

Investors urge Teck to engage with Glencore after rejecting $23bn takeover bid

Teck Resources is facing increasing pressure from its own investors to hold talks with Glencore and abandon its own p...

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about 2 months ago
cityam.com

Slow pace on nuclear putting UK energy goals at risk, argues SMR player

The UK should speed up its plans to revive nuclear power to ensure it can meet its energy security goals, argued SMR ...

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about 2 months ago
cityam.com

Total 'underestimate business risks': Activist investors to disrupt AGM over fossil fuel failures

Total Energies “completely underestimates the business risks” of being over-reliant on fossil fuels warns Follow This.

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about 2 months ago
cityam.com

Approving Rosebank oil and gas field 'a huge mistake', government told

Climate groups have urged the government not to approve the Rosebank project, one of the largest undeveloped fields i...

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about 2 months ago
cityam.com

'Turning point' in shift to clean power? Fossil fuel emissions from electricity due to have first...

The world is on course for the first annual drop in the use of coal, oil and gas to generate electricity outside of a...

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about 2 months ago
cityam.com

North Sea energy giants told to 'read the room' on windfall tax demands

Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.

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about 2 months ago
cityam.com

Government policy putting low price of wind power at risk, industry body warns

The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage ...

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about 2 months ago
cityam.com

Government risks higher prices for wind power as industry body slams lack of funds for auction round

The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage ...

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about 2 months ago
cityam.com

Newmont tables £15.7bn mega offer for rival Aussie gold miner Newcrest

US gold miner Newmont has ramped up its bid for Aussie rival Newcrest with a massive £15.7bn ($19.5bn) final offer.

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about 2 months ago
cityam.com

BP: Oil and gas giant takes 40 per cent stake in massive UK carbon capture and storage project

BP has snapped up a hefty stake in a major upcoming carbon capture project from Harbour Energy, bringing more focus t...

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about 2 months ago
cityam.com

Another LNG-fuelled winter will expose lack of seriousness about UK's energy goals

Winter is over, with the government managing to stave off blackouts over – but LNG problems persist, exposing the UK'...

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about 2 months ago
cityam.com

Oil prices propped up by OPEC+ supply cuts amid gloomy economic forecasts

Oil prices have stabilised today after three straight weeks of gains, with further supply cuts from OPEC+ propping up...

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about 2 months ago
cityam.com

UK and South Korea team up to bolster nuclear supply chain amid Chinese dominance

The UK will work with South Korea to build nuclear supply chains and share information on developing technologies.

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about 2 months ago
cityam.com

Four more wild swimming sites designated as government vows to clean up the seas

Four popular swimming spots across the UK will benefit from regular monitoring after the government designated them a...

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about 2 months ago
cityam.com

More chance of being struck by lightning: Ofwat reveals just one fine for sewage leaks in nearly ...

Ofwat has issued just one single fine to suppliers for sewage spills since the current rules were introduced in 1994 ...

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2 months ago
cityam.com

Harbour Energy blames windfall tax as it slashes hundreds of UK jobs

Harbour Energy is expected to cut 350 jobs in the UK, as it downgrades domestic operations following the windfall tax.

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2 months ago
cityam.com

Drax's renewable status under threat as Ofgem probes greenwashing claims

Drax is at risk of losing billions of pounds in government funding as Ofgem starts reviewing greenwashing claims link...

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2 months ago
cityam.com

Shell's shares rise on FTSE 100 after predicting upturn in LNG output

Shell's shares have risen on the London Stock Exchange this morning, after the energy giant unveiled a bullish update...

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2 months ago
cityam.com

Ofgem: Suppliers risk their licence if they fail to ringfence renewable payments

Suppliers will have to ringfence renewable payments separately from their commercial operations or risk losing their ...

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2 months ago
cityam.com

Wind power meets liquid air storage as Highview and Orsted unite - but is offshore really a long ...

Energy storage player Highview Power and wind power giant Ørsted have teamed up to try and prove the feasibility and ...

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2 months ago
cityam.com

Enquest backs calls for windfall tax price floor after posting £33m losses

Enquest has joined industry calls for a windfall tax price floor, putting further pressure on the government to refor...

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2 months ago
cityam.com

Gas prices: How long before they return to pre-energy crisis levels?

Gas prices will not return to pre-crisis levels for another three years despite the recent drop-off, warns investment...

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2 months ago
cityam.com

How close is the Rosebank North Sea oil and gas field to approval?

Oil and gas field Rosebank remains a couple steps short of reaching Grant Shapps' desk, City A.M. can confirm.

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2 months ago
cityam.com

Got the minerals? How Glencore's failed takeover reflects urgency of green push

Glencore’s failed takeover bid for Canadian miner Teck Resources reflects the growing urgency from miners to demerge ...

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