The US will double its gas exports to the UK. This announcement comes as the US faces the first major test in terms of energy resilience following the conflict in
North Sea oil producers want a price floor to limit UK windfall taxes
Executives and industry sources suggest that the British government should establish a price ceiling to reduce the impact of its windfall tax on North Sea oil and gas producers. Some
A six-year-high for British natural gas export to Europe
The six-year-old high in British natural gas exports to Europe is a result of Brussels’ efforts to reduce its dependence on Russian energy sources.
In response to Sunak’s windfall tax, Total draws investment from the North Sea
TotalEnergies, a French oil giant, has been the first major North Sea operator that has cut investment directly as a result of Rishi’s windfall tax.
Water down windfall tax or energy industry will collapse, British goverment warned
Jeremy Hunt’s windfall tax for oil and gas giants needs to be diluted in order to prevent industry collapse, Tory MPs warned.
Ofgem says that energy bills without government help would reach nearly £4,279
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.
UK considering big increase in energy windfall tax
Sources said that Jeremy Hunt, the British finance minister, is looking at a significant increase in a windfall income tax on oil and natural gas companies and extending it to
Diesel prices climb above 190p per litre for first time since August says AA
According to the AA, diesel is 23.95p per Liter more expensive than petrol.
Share Talk Expected Market Updates For The Week Ahead, 10th – 14th October 2022
The volatility in financial markets is expected to continue over the next week. While central bank rate policy continues to be the major issue, blue-chip companies report on both sides
North Sea licenses to be expedited in the race for more oil & gas
As part of Liz Truss’ dash to new energy supplies, regulators are working to reduce red tape in the North Sea.
If Liz Truss is elected prime minister, she will give the green light for further North Sea drilling
The foreign secretary’s allies have begun talks with energy companies about increasing domestic oil and gas production in order to reduce rising prices.
Renationalizing energy companies is supported by half of UK Conservative voters
According to a poll published Monday, around half of the backers of Britain’s ruling Conservative Party support renationalizing the country’s energy sector. This is because rising energy prices are putting