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Tag: gas crisis
over 2 years ago
cityam.com

Downing Street calls on public sector bodies to review contracts with Russian energy suppliers

The government has instructed public sector bodies to review energy deals and other contracts they have with Russian ...

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over 2 years ago
cityam.com

OEUK warns of overseas fossil fuel dependence as Norway becomes UK's main gas supplier

OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of ...

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over 2 years ago
cityam.com

Pantheon Infrastructure invests £40m in UK gas infrastructure

Pantheon Infrastructure (PINT) will invest £40m in the UK's gas transmission and metering business alongside Macquarie.

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over 2 years ago
cityam.com

National Grid's £4.2bn gas sell-off to Macquarie comes under fire from Vince Cable

Former business secretary Vince Cable has criticised National Grid's decision to sell a 60 per cent stake in NGG to M...

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over 2 years ago
cityam.com

US reaches deal with EU to boost LNG supplies

The US is expected to supply the EU with 15bn cubic metres of liquefied natural gas by the end of the year to reduce ...

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over 2 years ago
cityam.com

Shell to invest £25bn in UK energy systems

Shell will invest up to £25bn in the country's energy system over the next decade, according to UK country chair Davi...

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over 2 years ago
cityam.com

Boris Johnson calls for wind and nuclear ramp up ahead of energy strategy announcement

Prime Minister Boris Johnson has revealed the UK's new energy strategy will expand domestic nuclear and offshore wind...

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over 2 years ago
cityam.com

Oil prices rally as Caspian pipeline problems escalate supply worries

Prices on both major benchmarks jumped over five per cent amid escalating supply shortage fears following pipeline di...

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over 2 years ago
cityam.com

Putin pushes for rouble payments causing gas prices to spike

Russia will seek payment in roubles for gas sales from “unfriendly” countries revealed President Vladimir Putin today.

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over 2 years ago
cityam.com

OBR warns of doubling energy bills putting households under more pressure

Energy bills could spike 40 per cent this winter, warned the OBR, placing further pressure on cash-strapped households.

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over 2 years ago
cityam.com

European energy firms dithering over Russia departure

European companies are dithering over departing from Russia - with key assets and supply deals in the sanction hit co...

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over 2 years ago
cityam.com

Exclusive: Yü Group boss hopes to pick 'low hanging fruit' from Big Six suppliers

The Big Six energy firms are asleep at the wheel, meaning challenger suppliers have a great chance to pick up new cus...

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over 2 years ago
cityam.com

Going Nuclear: Can Boris Johnson really ramp up nuclear power?

Nuclear power requires a clear strategy - with an established pipeline of funding - to contribute to the UK's energy ...

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over 2 years ago
cityam.com

FSB urge Chancellor to ease pressures on businesses ahead of Spring Statement

FSB calls on Sunak to cut fuel duty, help micro-businesses with energy bills and increase employment allowance to £5,...

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over 2 years ago
cityam.com

Gas prices drop amid Russia-Ukraine volatility

Natural gas prices have dropped heavily from historic peaks, but remain volatile and elevated amid sustained geopolit...

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over 2 years ago
cityam.com

Households turns to solar panels and smart meters to tackle rising energy bills

Solar panels and smart meters have gained traction with households hoping to cut energy bills, according to search da...

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over 2 years ago
cityam.com

Inspired Energy's shares slide as concerns over Gazprom Energy's future mount

Inspired Energy's shares have sunk on the FTSE AIM All-Share today, warning of a £3m hit if Gazprom Energy ceases tra...

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over 2 years ago
cityam.com

Ofgem strengthens licensing criteria for new suppliers

Ofgem will demand new suppliers have clear financial and risk management experience in the latest reforms announced b...

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over 2 years ago
cityam.com

North Sea round-up: Harbour Energy announces cash bonanza while Shell keeps Cambo stake

Harbour Energy, the biggest oil and gas producer in the UK North Sea, has revealed it should generate up to $1.7bn (£...

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over 2 years ago
cityam.com

Businesses could waste over £30bn worth of energy this year

eEnergy says UK businesses waste £33.9bn worth of energy in 2022, enough to power Greater London for over seven years.

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over 2 years ago
cityam.com

Think tanks call for government to ensure secure gas supplies as market crisis deepens

Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukra...

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over 2 years ago
cityam.com

Octopus Energy calls on government to speed up wind power developments

Octopus Energy (Octopus) has called on the government to cut red-tape and speed up the building process for ramping u...

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over 2 years ago
cityam.com

IEA warns of supply deficits with Russian oil isolated from global markets

The world is set for a supply deficit of 700,000 barrels per day in the second quarter of this year, according to the...

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over 2 years ago
cityam.com

EU aims to boost gas supplies and reduce reliance on Russia

All members of the European Union (EU) will have to collectively ensure gas stores are 90 per cent full by October ea...

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over 2 years ago
cityam.com

Ofgem considers halving price cap implementation period

Ofgem has revealed it could halve the implementation period for the price cap - cutting it down from two months to on...

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over 2 years ago
cityam.com

New gas field found under North Sea

A new gas field under the North Sea off the coast of East Anglia has produced its "first gas" this week according to ...

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over 2 years ago
cityam.com

Prime Minister Boris Johnson confirms support for North Sea oil and gas industry

Prime Minister Boris Johnson gave his backing to the North Sea oil and gas industry as the UK looks to ensure supply ...

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over 2 years ago
cityam.com

EDF faces €26bn hit from price cap and nuclear power outages

French state-controlled energy firm EDF has sharply downgraded its forecast this year - estimating a €26bn hit on its...

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over 2 years ago
cityam.com

Government considers extending life of EDF coal power plant

The government is weighing up suspending the closure of a coal power plan overseen by EDF in West Burton.

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over 2 years ago
cityam.com

Oil round up: India weighs up Russian oil as Boris Johnson calls on Saudi Arabia to boost output

India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-roub...

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over 2 years ago
cityam.com

Last orders: Restaurant insolvencies spike as economic pressure bites

Restaurant insolvencies jumped 20 per cent, according to the latest data published from accountancy group UHY Hacker ...

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over 2 years ago
cityam.com

Octopus boosts wind power capabilities with four new European deals

Octopus Renewables will nearly double its wind power capabilities after reaching four new deals to ramp up power gene...

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over 2 years ago
cityam.com

Gas prices hit record levels this month reveals Office for National Statistics

Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), accor...

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over 2 years ago
cityam.com

Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies

Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel

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over 2 years ago
cityam.com

Oil prices fall as Europe holds back from energy sanctions on Russia

Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.

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over 2 years ago
cityam.com

Ofgem boss: Hike in household energy bills 'almost inevitable'

Ofgem boss Jonathan Brearley has warned a further painful hike in household energy bills is “almost inevitable” follo...

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over 2 years ago
cityam.com

Energy sanctions on Russia could leave Europe exposed warn analysts

Analysts suggest Europe will struggle to make up the shortfall in Russian gas supplies if it rolls out energy sanctio...

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over 2 years ago
cityam.com

Bulb Energy could cost taxpayers £3bn amid spiralling wholesale prices

The collapse of Bulb Energy (Bulb) into special administration could cost taxpayers £3bn after Russia's invasion of U...

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over 2 years ago
cityam.com

Gas prices soar to £8 per therm as West weighs up sanctions targeting Russian energy supplies

Natural gas prices in the UK and Europe have rocketed from already-record highs, peaking at a staggering £8 per therm...

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