Tag: gas crisis
almost 2 years ago
cityam.com

Exclusive: OEUK defends windfall tax's investment relief and calls for domestic energy ramp-up

The UK's leading industry body for offshore energy has defended the continued inclusion of investment relief within t...

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almost 2 years ago
cityam.com

Bulb Energy warns customers over extra charges ahead of painful price cap hike

Customers of collapsed energy firm Bulb Energy have been warned they will face extra charges if they are unable to pa...

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almost 2 years ago
cityam.com

Total Energies records profit surge amid commodity boom disappoints with lean dividends

Total Energies has posted a sharp surge in second-quarter profits, powered by soaring oil and gas prices following Ru...

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almost 2 years ago
cityam.com

Industry body urges Tory leadership contenders to back fracking

The UK's leading onshore energy body has urged the two Tory leadership contenders to lift the moratorium on fracking.

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almost 2 years ago
cityam.com

Sunak's pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS

Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the ...

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almost 2 years ago
cityam.com

January Blues: Brits face painful spike in energy bills as Kremlin puts under West pressure

UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.

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almost 2 years ago
cityam.com

Equinor hands out a further $3bn to shareholders as high gas prices power bumper profits

Equinor is returning an additional $3bn to shareholders, with the Norwegian energy giant enjoying second-quarter prof...

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almost 2 years ago
cityam.com

European gas prices close in on record highs as Russia cuts flows into Nord Stream pipeline

European gas prices are closing in on record highs, after Russia followed through on its threat to further cut gas su...

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almost 2 years ago
cityam.com

Greenpeace launches legal bid to overturn Jackdaw gas field approval

Greenpeace has mounted a legal challenge against the Government, following its approval of the Jackdaw oil field last...

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almost 2 years ago
cityam.com

Exclusive: Yü Group's boss warns against over-regulating energy market at expense of innovators

Reforms to the energy sector risk reverting the market back to only a few big suppliers, warned Yü Group boss Bobby K...

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almost 2 years ago
cityam.com

Westminster committee sticks the boot into Ofgem as households suffer record energy bills

MPs have raised doubts over Ofgem’s ability to clean up the energy market, following mass carnage which saw over 30 s...

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almost 2 years ago
cityam.com

Naftogaz suffers setback with bondholders rejecting debt freeze proposal

Naftogaz has revealed its bondholders are set to refuse its two-year debt payment freeze request, alongside a setback...

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almost 2 years ago
cityam.com

Serica snubs improved Kistos merger offer

Serica has rejected an improved merger proposal from energy investment firm Kistos - as it believes the new offer doe...

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almost 2 years ago
cityam.com

Germany hands €15bn to Uniper in bailout deal

The German government has stepped in to rescue troubled utility giant Uniper with a whopping €15bn bailout after suff...

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almost 2 years ago
cityam.com

Tory contender Rishi Sunak backs insulation over heat pumps as winter crisis looms

Sunak has hinted that he will prioritise insulation for low-income households over new technologies such as heat pump...

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almost 2 years ago
cityam.com

Centrica granted licence to reopen UK's largest gas storage site as winter crisis looms

Centrica has been awarded a licence to reopen the UK's largest gas storage site, boosting plans to shore up domestic ...

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almost 2 years ago
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Reduced flows return to Nord Stream 1 as winter crisis looms across Europe

Nord Stream 1 has begun pumping gas into Europe again, following a 10-day outage this month, but fears remain over su...

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almost 2 years ago
cityam.com

Uniper bailout edges closer as energy crisis deepens

Uniper is closing on a bailout from the German government, which is weighing up a 15-30 per cent stake in the company.

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almost 2 years ago
cityam.com

EU calls on member states to cut gas usage 15 per cent amid fears Russia will turn off the taps

The European Union (EU) has urged member states to cut gas usage by 15 per cent until heading into winter to stave of...

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almost 2 years ago
cityam.com

Octopus Energy submits the only bid for collapsed supplier Bulb Energy after auction process

The Government is weighing up Bulb Energy's future after the auction process for the fallen energy firm attracted jus...

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almost 2 years ago
cityam.com

E.ON backs ringfencing proposals as energy firms lock horns over market reforms

One of the UK's largest energy firms has sided with Centrica in the escalating industry row over ringfencing customer...

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almost 2 years ago
cityam.com

EU braces for supply shortages as executive arm warns Nord Stream unlikely to return

The executive arm of the European Union has raised the prospect of supply shortages this winter, revealing it does no...

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almost 2 years ago
cityam.com

Exclusive: Ringfencing is the 'least worst option' for protecting customers, says Utilita Energy ...

Ringfencing is the 'least worst option' for personal credit balances, argued Utilita Energy's chief executive Bill Bu...

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almost 2 years ago
cityam.com

Exclusive: Utilita Energy boss loses confidence in Ofgem after public warning

Utilita Energy's no longer has confidence in Ofgem, after it criticised the supplier over its handling of direct debi...

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almost 2 years ago
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Rationing energy supplies could be inevitable for Germany this winter, warns UBS

Germany could have no choice but to ration its energy supplies if Russia turns off the taps, warned asset manager UBS.

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almost 2 years ago
cityam.com

EU prepares to cut down gas demand ahead of cold winter months amid Russian disruption

The EU will encourage member states to cut down the continent's gas demand by incentivising industries to use less en...

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almost 2 years ago
cityam.com

Gas prices surge as West races to top-up supplies ahead of looming winter months

Gas prices have spiked amid continued concerns over supply shortages, as the West scrambles to secure energy supplies...

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almost 2 years ago
cityam.com

Ofgem puts the squeeze on troubled energy firm

Troubled supplier UK Energy Incubator Hub could be forced to remove a senior individual from a key management role by...

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almost 2 years ago
cityam.com

Exclusive: Energy efficiency measures sorely missed from security bill, says Good Energy boss

The Government has failed to include key measures which could provide significant help for households in its Energy S...

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almost 2 years ago
cityam.com

Gas prices ease as Norway's government steps in to stop strikes from offshore workers

Gas prices have dropped across Europe after the Norwegian government stepped in to end strike action from offshore wo...

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almost 2 years ago
cityam.com

Exclusive: New Ofgem regulations risk stifling innovation, warns So Energy

So Energy's co-founder Simon Oscroft has urged Ofgem to not over-regulate the sector, if it puts more costs on consum...

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almost 2 years ago
cityam.com

Russian energy squeeze pushes Uniper to the brink

The German government could acquire a stake in troubled energy giant Uniper, amid escalating energy prices and tensio...

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almost 2 years ago
cityam.com

Factories braced for energy rationing this winter amid fears Russia could turn off the taps

Energy rationing could be on the cards this winter, with British factory owners suffering constraints to their energy...

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almost 2 years ago
cityam.com

Ofgem pledges £20bn-plus package to boost UK grid capacity without raising energy bills

Ofgem has pledged to boost grid capacity with a new £20bn-plus package, while also imposing new demands on network op...

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about 2 years ago
cityam.com

Wonks divided over plans to exclude fossil fuel plants from emissions checks

Analysts are split over the Government's reported decision to halt emissions checks on fossil fuel plants ahead of wi...

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about 2 years ago
cityam.com

Windfall tax is a 'fiscal shock' to the oil and gas sector, warns industry body in letter to Chan...

One of the UK's leading energy bodies has sent a letter to the Chancellor Rishi Sunak, warning the new windfall tax w...

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about 2 years ago
cityam.com

Kwarteng plays down prospect of blackouts this winter amid supply crunch fears

Business Secretary Kwasi Kwarteng has played down the prospect of a winter blackout, dismissing the scenario as an "e...

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about 2 years ago
cityam.com

Fossil fuels spared emissions checks as UK scrambles for supplies ahead of winter

Fossil fuel plants could be excluded from emissions checks, as the Government races to secure energy supplies ahead o...

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about 2 years ago
cityam.com

Brits paid to use less energy to avoid winter blackouts

Brits could be paid to use less electricity at peak times this winter, under plans from the National Grid to reduce t...

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