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Tag: gas crisis
about 1 year ago
cityam.com

Oil records seven weeks of gains despite IEA and OPEC's differing demand outlooks

Oil begins trading on Monday after recording seven consecutive weekly gains amid growing expectations of tightening s...

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about 1 year ago
cityam.com

Neptune Energy lowers investment expectations amid 'increasingly volatile' commodity prices

Neptune Energy has downgraded expectations for investment amid increasingly volatile commodity prices and sustained i...

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about 1 year ago
cityam.com

Gas prices surge over 25 per cent after Aussie oil and gas workers threaten to strike

Gas prices in Europe skyrocketed today over fears of future supply disruptions after Australian oil and gas workers t...

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about 1 year ago
cityam.com

Energy system 'broken': Suppliers to rake in £1.7bn profits as millions of Brits grapple with sky...

Household energy suppliers are on course for profits bonanza over the next 12 months from customer bills, a new repor...

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about 1 year ago
cityam.com

UK urged to abolish energy price cap in bid to boost competition and lower bills - CityAM

The energy price cap should be abolished, as it is raising bills for customers and stifling competition in the market.

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about 1 year ago
cityam.com

Just Stop Oil's demands are 'contemptible', says Starmer

Just Stop Oil's demands to "turn off the taps in the North Sea" are "contemptible," said Labour leader Sir Keir Starmer.

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about 1 year ago
cityam.com

Ignore the protests, the Conservatives are the true Just Stop Oil party - CityAM

Ignore the protests, no one has done more to ‘Just Stop Oil’ than the Conservatives, who have actually been in power ...

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about 1 year ago
cityam.com

More support with energy bills unlikely this winter, admits Grant Shapps

Grant Shapps has warned households are unlikely to receive fresh support from the government this winter for their en...

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about 1 year ago
cityam.com

LNG boom attracts Asian energy giants to London as Europe fights blackout threat - CityAM

LNG demand in Europe has triggered a flurry of activity in London, with Asian energy companies looking to maximise bo...

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about 1 year ago
cityam.com

Drax faces political storm over claims it used loophole to keep £639m from bill payers

The chair of a leading Westminster panel has vowed to investigate reports Drax has been switching off one of its biom...

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about 1 year ago
cityam.com

Shapps: UK will still meet 'net zero' targets despite oil and gas licences - CityAM

Energy security secretary Grant Shapps has insisted the UK will “still meet our net zero targets” despite new oil and...

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about 1 year ago
cityam.com

Green investor Andrew Forrest threatens to quit UK after Sunak pledges new oil and gas

A major green technology investor has threatened to take his money out of the UK, after Rishi Sunak announced fresh o...

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about 1 year ago
cityam.com

BP suffers second-quarter downturn but profit still tops £2bn - CityAM

Weaker refining margins and falling oil and gas prices has weighed down BP's profits in the second quarter of 2023.

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about 1 year ago
cityam.com

Trade bodies back government's embrace of North Sea oil and gas industry - CityAM

Trade bodies across the energy industry has welcomed the government's decision to support the North Sea's oil and gas...

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about 1 year ago
cityam.com

Labour slams Rishi Sunak's plans to boost North Sea oil and gas - CityAM

Sunak's energy policies are "weak and confused" and will "not take a penny off bills," warned Labour's shadow climate...

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about 1 year ago
cityam.com

Government backs carbon capture and storage to meet net zero goals and boost North Sea industry -...

The government has announced the latest winners of its carbon capture and storage approval process, amid a backlash f...

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about 1 year ago
cityam.com

Why the windfall tax is here to stay after today's bombshell oil and gas announcements

The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.

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about 1 year ago
cityam.com

Macquarie's role in UK gas network should 'concern' government, MP warns

Macquarie’s growing role in the country’s gas network has raised the concerns of the chair of an influential Westmins...

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about 1 year ago
cityam.com

Outfox the Market fined £1.8m as Ofgem scrutinises suppliers' finances

Outfox The Market has been forced to pay £1.8m to Ofgem for failing to provide financial data to the regulator.

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about 1 year ago
cityam.com

British Gas poised for record profits after Ofgem's hike in price cap allowances

British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances ...

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about 1 year ago
cityam.com

Ovo: Shareholders for UK's fourth biggest gas supplier invest further £200m as profits slump - Ci...

Ovo shareholders have poured an extra £200m into the owner of the UK’s fourth-largest energy supplier amid a slump in...

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about 1 year ago
cityam.com

PayPoint hits back at competition lawsuit as legal showdown looms

PayPoint has hit back at accusations it entered into anti-competitive agreements with energy suppliers in the prepaym...

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about 1 year ago
cityam.com

PayPoint hit with multi-million pound lawsuit over alleged anti-competitive conduct

PayPoint faces a multi-million pound lawsuit from a social enterprise, which has accused the payment services busines...

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about 1 year ago
cityam.com

Europe increasingly reliant on LNG as it aims to stave off winter supply crunch

Europe will once again be highly dependent on LNG to meet its energy needs this winter, the International Energy Agen...

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about 1 year ago
cityam.com

Europe spent over a trillion dollars on gas since Russia sparked supply squeeze - CityAM

Europe has spent over a trillion dollars shoring up its gas supplies since Russia first began weaponising its pipelin...

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about 1 year ago
cityam.com

Elon Musk poised to disrupt UK energy market with new Tesla supplier

The energy market could be shaken up by a bold new challenger, with Elon Musk's Tesla unveiling plans to launch a new...

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about 1 year ago
cityam.com

British Gas owner Centrica seals £6.2bn US LNG mega deal - that could power five per cent of UK h...

British Gas owner Centrica has signed a new £6.2bn ($8bn) mega deal with Delta Midstream for 1m tonnes per annum of L...

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over 1 year 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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over 1 year 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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over 1 year 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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over 1 year 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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over 1 year 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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over 1 year 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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over 1 year 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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over 1 year 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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over 1 year ago
cityam.com

Ithaca Energy hesitates over stake in controversial Rosebank oil field

Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, Ci...

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over 1 year ago
cityam.com

Harbour Energy to develop North Sea gas field despite threatening to pivot away from UK

Harbour Energy has been given the go-ahead to develop a new gas field in the North Sea, despite warning of plans to p...

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over 1 year ago
cityam.com

Energy firms installed nearly 100,000 prepayment meters before Shapps crackdown

Energy suppliers pushed through the forced installation of nearly a hundred thousand prepayment meters last year, dat...

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over 1 year ago
cityam.com

Businesses need 'carrot and stick' to boost energy efficiency and drive down bills

Businesses need help to drive down bills and meet the UK's net zero goals, argued the COO of Npower Business Solutions.

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