Tag: gas crisis
8 months ago
cityam.com

Aramco sustains payouts to investors as profits slide to just £26.5bn

Saudi Aramco has sustained hefty payouts to its investors, including the country's government, despite a sharp slide ...

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8 months ago
cityam.com

Energy suppliers must do more to help firms tied to brokers this winter - CityAM

Energy firms should be looking to help all of its business customers survive the winter including firms tied to third...

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8 months ago
cityam.com

Energy bills set to RISE next year as volatility spooks oil and gas markets - CityAM

Household energy bills will not ease any time soon, with forecasters warning that the energy price cap is now set to ...

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8 months ago
cityam.com

Shell offers £2.8bn in share buybacks as profits slide to £5.1bn as commodity boom eases

Shell has posted a sharp downturn in profits, unveiling £5.1bn earnings over the third quarter — a nearly 40 per cent...

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8 months ago
cityam.com

Hooked on gas? How Europe could fare in a winter energy crisis

Experts are divided on whether Europe is in position to meet energy needs this winter, with the continent depending o...

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8 months ago
cityam.com

Aviva hammers government push for North Sea oil and gas drilling - CityAM

Aviva has slammed the government's decision to expand oil and gas production and water down green pledges.

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8 months ago
cityam.com

How Ofgem can restore trust in the energy market - CityAM

Ofgem is still scrambling to revamp the energy market - City A.M. has made some suggestions to ensure it is competiti...

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8 months ago
cityam.com

Ofgem boss reignites calls to reform energy price cap as winter looms

Ofgem boss Jonathan Brearley has doubled down on his criticisms of the energy price cap, raising doubts over its futu...

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8 months ago
cityam.com

National Gas boss warns businesses could be threatened if network scrapped

The head of the UK's gas networks has urged the government not to scrap the country's pipelines in favour of electrif...

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8 months ago
cityam.com

Oil and gas rallies ease as investors await fresh signals from Israel-Hamas war

Commodity prices have steadied following last week's bumper rally, with oil and gas markets awaiting further supply s...

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8 months ago
cityam.com

Surging gas prices expose cost crisis for consumers this winter - CityAM

Gas prices have soared this week, with geopolitical volatility rattling spot markets - but the concern should be bill...

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9 months ago
cityam.com

BP shares soar as energy giant hikes profit guidance

Shares in BP have risen robustly in today's trading, with investor sentiment improving towards the energy giant.

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9 months ago
cityam.com

Gas prices pare back gains as volatility fears rattle markets

Gas prices have eased from Tuesday's gains amid concerns over supply shortages as geopolitical anxieties rattle markets

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9 months ago
cityam.com

Gas prices jump after Israeli gas field halts production

Gas prices have jumped to their highest level since June following the closure of one of Israel's largest fields in t...

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9 months ago
cityam.com

Gas prices soar as threat of more Aussie LNG strikes looms

Gas prices have surged across Europe, amid the renewed threat of further strike action across major LNG production si...

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9 months ago
cityam.com

Rosebank's approval sends oil shares soaring and triggers green backlash

Plans to develop the UK’s largest untapped oil and gas field were approved by regulators yesterday – sending shares i...

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9 months ago
cityam.com

Yu Group boss: Big Six energy rivals 'should be worried' by challenger's bumper results

The boss of fast-growing challenger supplier Yu Group believes the Big Six "should be worried" by his company's success.

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9 months ago
cityam.com

Winter gas price rally unlikely despite recent steady climb, experts say

Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European bench...

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9 months ago
cityam.com

Ofgem must speed up plans to protect customers, MPs warn

MPs have criticised regulator Ofgem for being too slow at implementing changes in the energy sector to protect custom...

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9 months ago
cityam.com

Ofgem must speed up plans to protect customers, MPs warn

MPs have criticised regulator Ofgem for being too slow at implementing changes in the energy sector to protect custom...

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9 months ago
cityam.com

Harbour Energy's embrace of carbon capture reflects shift in North Sea industry aims

Harbour has embraced CCS while staying away from oil and gas - reflecting the mood music across the North Sea.

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10 months ago
cityam.com

UK risks losing £100bn of energy projects unless it cuts high taxes and red tape

The UK risks missing out on as much as £100bn of investment in domestic offshore energy projects, an industry body ha...

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10 months ago
cityam.com

Energy bosses defend prepayment meters despite Ofgem clampdown

Energy bosses have called for the ban on prepayment meters to be lifted, and for suppliers to have the power to impos...

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10 months ago
cityam.com

Rising star Claire Coutinho faces gruelling start in energy secretary role - CityAM

Claire Coutinho has taken over energy policy from Grant Shapps, and faces a highly challenging start to her new role.

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10 months ago
cityam.com

EU spent £4.5bn buying HALF of Russia's LNG supplies... despite pledge to wean West off Kremlin

European Union countries spent over £4.5bn buying over half of all Russia's LNG supplies during the first seven month...

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10 months ago
cityam.com

Gas prices spike as strikes loom at Chevron's Australian LNG plants

Gas prices surged this morning across Europe after workers at two major liquefied natural gas facilities confirmed pl...

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10 months ago
cityam.com

Octopus Energy closes in on Shell deal as Big Six dominates the market

Octopus Energy is closing in on a deal to snap up Shell's household energy business - which could be finalised as soo...

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10 months ago
cityam.com

Brits braced for high winter energy bills as Ofgem cuts price cap slightly

Energy bills will remain high this winter and above normal levels, despite watchdog Ofgem confirming a minor reductio...

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10 months ago
cityam.com

Gas prices tumble after Woodside LNG workers shelve strike plan

Gas prices dropped across Europe's major benchmarks today as the prospect of strikes at some of Australia's major LNG...

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10 months ago
cityam.com

Harbour Energy confirms losses as UK windfall tax takes its toll - CityAM

Harbour Energy has suffered a billion dollar swing in its balance sheet, posting an $8m loss for the first six months...

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10 months ago
cityam.com

Don't expect energy bills to return to normal this decade, warns Cornwall Insight

Energy bills are unlikely to revert to normal levels by the end of the decade, Cornwall Insight has warned ahead of t...

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10 months ago
cityam.com

UK offers Ukraine nuclear fuel boost through £192m deal with Urenco

The government will provide a £192m loan guarantee through the UK's export credit agency to help power Ukraine's nucl...

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10 months ago
cityam.com

Energy industry calls for clampdown on brokers as businesses brace for winter

The role of brokers in the business supplier market is in urgent need of regulation to protect companies from high en...

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10 months ago
cityam.com

Ithaca Energy announces fresh shareholder payout after £175m windfall tax hit

Ithaca Energy has announced fresh dividend payments for shareholders in its half-year trading update, despite a hefty...

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10 months ago
cityam.com

Ofgem demands Ovo Energy tackles unresolved customer complaints

Ofgem has ordered one of the UK's largest energy firms to improve its customer service after 'serious' concerns were ...

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10 months ago
cityam.com

Gas prices spike as Australian LNG workers vote for strike action

Gas prices have risen across the continent this morning after labour unions in Australia announced plans to strike in...

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10 months ago
cityam.com

Ofgem cannot fix the energy market unless ministers scrap the price cap - CityAM

Ofgem will struggle to fix the crisis-hit energy market unless the price cap is reformed, or even scrapped.

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10 months ago
cityam.com

Household energy bills to stay high into next winter despite price cap dip

Households energy bills will remain above pre-crisis levels, despite Ofgem set to announce a fall in the price cap th...

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11 months ago
cityam.com

Ofgem: "Broad and crude" energy price cap needs looking at - CityAM

Ofgem boss Jonathan Brearley has urged ministers to reconsider whether the "very broad and crude" price cap is still ...

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