Domestic energy provider Octopus is challenging the National Grid by planning to construct its electricity pylons, driven by dissatisfaction with the current network expansion rate.
BP halts shipments through the Red Sea following attacks
Oil and gas conglomerate BP PLC (LSE: BP.) announced a temporary halt to all its shipments traversing the Red Sea due to increased assaults on merchant vessels by Houthi rebels.
China has turned its control over vital minerals into a strategic advantage.
MPs have raised concerns that China is using its control over essential minerals crucial for green energy as a form of political leverage by limiting access.
The IEA warns that achieving net zero will come at an annual cost of £3.7 trillion.
The International Energy Agency (IEA) has indicated that an annual investment of $4.5 trillion (£3.7 trillion) will be necessary starting from the beginning of the next decade for the world
Electric vehicle manufacturers are confronted with a £3.7bn expense due to EU tariffs.
Unless the EU reconsiders the initiation of tariffs on trade between the bloc and the UK, electric vehicle makers are confronting a £3.7bn bill over the ensuing three years, as
Shares of Plexus Holdings (AIM:POS) soar 49% after significant increase in contract value.
In early trading on Tuesday, Plexus Holdings PLC (AIM: POS) shares jumped 49% after the oil and gas engineering firm, listed on AIM, reported a notable boost in the value
BP’s profit plummets due to poor refining margins; however, it raises dividend.
BP PLC (LSE: BP.) announced a significant plunge in profits due to declining refining margins, yet it increased its shareholder dividend by 10%.
Industry group indicates a 70% increase in bills for rural households transitioning to heat pumps.
According to an industry trade body, rural households could face a rise of more than 70% in their heating costs if they comply with the government’s net zero targets by
BP profits hit nearly $5bn in three months
BP PLC (LSE: BP.) has reported an increase in first-quarter profit, reflecting strong oil and gas trading. The oil major stated that its underlying replacement cost profit for the first
BP is encountering investor disapproval after changing its stance on green commitments.
According to The Times, BP is currently facing a revolt from shareholders who are seeking to remove Helge Lund from his position as chairman due to the company’s decision to
BP has been accused of committing “serious violations” following a deadly explosion at a refinery in the United States.
According to the safety regulator, inadequate operations and training were factors that led to an accident resulting in the death of two workers.
Bernard Looney, the CEO of BP, saw his pay rise by more than two-fold following the company’s exceptional profits.
BP CEO Bernard Looney’s compensation package more than doubled to £10 million in 2022, as the company recorded record profits due to high oil and gas prices.