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Tag: gas crisis
over 2 years ago
cityam.com

Cadent Gas workers to strike following pay increase rejection

Workers at British energy provider Cadent Gas are expected to vote in favour of industrial action after they rejected...

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over 2 years ago
cityam.com

Exclusive: Energy crisis needs crisis measures argues Octopus chief executive Greg Jackson

Octopus boss Greg Jackson has called for long term reforms to the energy market alongside short term moves to protect...

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over 2 years ago
cityam.com

British Gas the worst firm for customers from bust suppliers

Missing credit balances, billing delays and poor communication have defined customer experiences during the supplier ...

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over 2 years ago
cityam.com

Fuel be sorry: Record petrol prices could hurt retail sector warn experts

Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.

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over 2 years ago
cityam.com

Octopus Energy lends helping tentacle to customers following hike to price cap

Octopus Energy (Octopus) customers will receive a £50 annual saving to their energy bills following the painful 50 pe...

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over 2 years ago
cityam.com

Europe will struggle to cut Russia out of energy plans warn experts

Europe will find it hard to reduce its reliance on Russian gas, and the continent remains vulnerable to skyrocketing ...

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over 2 years ago
cityam.com

Germany rules out energy sanctions on Russia amid spiralling gas prices

Germany has ruled out the prospect of oil and gas sanctions, with economy minister Robert Habeck warning against the ...

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over 2 years ago
cityam.com

Household bills could rise to nearly £3,000 per year warns Cornwall Insight

Household energy bills could jump to over £2,900 a year following Russia's invasion of Ukraine, according to the late...

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over 2 years ago
cityam.com

ExxonMobil exits Russia amid energy firm exodus

Exxon Mobil (Exxon) has followed in BP and Shell's footsteps, and has announced it will exit its Russian assets value...

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over 2 years ago
cityam.com

UK's biggest energy port confirms restrictions on Russian ships

The UK's biggest energy port will not allow entry to any ships owned, registered or controlled by Russia - or flying ...

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over 2 years ago
cityam.com

Gazprom exports to Europe down by a third as prices spike across the continent

Gazprom's natural gas exports outside ex-Soviet Union countries, according to the latest data from the Kremlin-backed...

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over 2 years ago
cityam.com

Oil and gas rebound as pressure mounts on Russia

Oil and gas prices are soaring again after the West imposed stiff sanctions on Russian financial institutions yesterday.

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over 2 years ago
cityam.com

Equinor cuts ties Rosneft amid escalating pressure to divest from Russia

Norwegian energy Equinor has announced it will cut ties with Kremlin-backed Rosneft and divest from its joint venture...

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over 2 years ago
cityam.com

Analysis: UK more bullish on energy sanctions with EU's Russian dependency raising supply fears

The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energ...

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over 2 years ago
cityam.com

Key Yamal-Europe pipeline flows towards Russia again

Russia's Yamal-Europe gas pipeline is flowing eastwards away from Europe yet again, after short intermittent westboun...

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over 2 years ago
cityam.com

Foreign Secretary Liz Truss backs energy sanctions against Russia

Foreign Secretary Liz Truss has called for limits on oil and gas imports from Russia, following the country's invasio...

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over 2 years ago
cityam.com

Energy prices spike after Russia invades Ukraine

Russian President Vladimir Putin’s decision to launch a full-blown incursion of Ukraine sent energy prices soaring ra...

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over 2 years ago
cityam.com

Consumer price cap could spike to £3,000 per year warns Investec

The consumer price cap could spike to £3,000 per year in October, warned Investec, following Russia's invasion of Ukr...

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over 2 years ago
cityam.com

BP under pressure to exit Rosneft stake

BP is facing intensifying pressure to exit its near 20 per cent stake in Kremlin-backed energy group Rosneft.

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over 2 years ago
cityam.com

Prepayment customers avoid energy use amid cost of living squeeze

Prepayment customers have been reducing energy use to alarming degrees, according to the latest data from Uswitch.com.

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over 2 years ago
cityam.com

German politicians rule out new gas contracts with Russia amid spiking gas prices

German politicians rule out new gas contracts with Russia, following the country's invasion of Ukraine, with gas pric...

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over 2 years ago
cityam.com

Gas prices soar amid raised fears of shortages after Putin orders troops into Ukraine

Gas prices have shot up 12 per cent on both major benchmarks, raising fears of further energy supply shortages and di...

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over 2 years ago
cityam.com

IEA reveals methane emissions 70 per cent higher amid soaring wholesale gas prices

Methane emissions from the global energy sector are 70 per cent higher than officially reported with coal figures log...

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over 2 years ago
cityam.com

Ofgem appoints Yü Energy Retail to take on customers from two fallen firms

Yü Energy has taken on customers from fallen suppliers Whoop Energy and Xcel Power - boosting its books with 550 cust...

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over 2 years ago
cityam.com

Gazprom gas supplies drop to decade low amid fractured European unity over sanctions

Gazprom's European gas supplies has fallen to 10-year lows, while Germany and Italy fret over sanctions reducing thei...

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over 2 years ago
cityam.com

Macron to prop up EDF with €2.1bn in public funds after imposing price cap on energy firm

The French government will pump over €2bn into struggling energy giant EDF following its decision to limit its abilit...

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over 2 years ago
cityam.com

Two more energy firms bite the dust as market crisis deepens

Whoop Energy and XCel Power have ceased trading, with Ofgem pledging to protect its customers and designate a new sup...

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over 2 years ago
cityam.com

Europe's LNG terminals near full-capacity amid deepening tensions between Russia and the West

Most of Europe's liquefied natural gas terminals have been topped up to full capacity again, following an influx of s...

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over 2 years ago
cityam.com

Russia prepared to re-route gas flows if punished with sanctions

Russian finance minister Anton Siluanov has warned the country could shift supplies to other markets if it is hit wit...

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over 2 years ago
cityam.com

Shell plans $1bn sale of North Sea gas fields

Shell is preparing to offload its stakes in two clusters of gas fields in the North Sea for up to $1bn as it shifts a...

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over 2 years ago
cityam.com

The value of oil and gas in the green transition

Oil and gas have a role to play in the energy mix of developed economies, even as the world transitions to renewable ...

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over 2 years ago
cityam.com

Energy round up: Prices rise amid fears Russia will invade Ukraine

Petrol, oil and gas have also recorded rebounding prices as tensions between Russia and the West fester into fears of...

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over 2 years ago
cityam.com

EU deepens investigation into Gazprom's European business amid supply concerns

EU antitrust regulators will intensify information gathering on Gazprom's European business, amid the continent's gro...

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over 2 years ago
cityam.com

Oil and gas rally amid raised fears Russia will invade Ukraine

Energy commodities have responded resoundingly to reports from Washington that Russia could invade at "any moment".

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over 2 years ago
cityam.com

Biden and Putin to hold crisis talks amid fears of imminent Russian invasion

US President Joe Biden will hold talks with Russian President today, with the West fearing a war in Ukraine could ign...

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over 2 years ago
cityam.com

Japan announces plans to divert LNG supplies to Europe amid Russia-Ukraine tensions

Japan will divert LNG cargoes to Europe in response to calls for supplies from the West amid continued tensions in Uk...

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over 2 years ago
cityam.com

Equinor shareholders receive $10bn after energy firm reports booming profits

Equinor will pay out $10bn to shareholders this year, after reporting record fourth-quarter pretax profits.

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over 2 years ago
cityam.com

Essar unveils £45m plans to build UK's first refinery-based hydrogen furnace

Essar Oil UK (EOUK) will install a new £45m furnace capable of using hydrogen as its fuel source at its plant in Nort...

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over 2 years ago
cityam.com

SSE upgrades profit expectations to nearly £1bn amid soaring gas prices

SSE has upgraded its full-year outlook, with the energy firm boosting its profit forecasts to nearly £1bn amid spiral...

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