EnQuest’s stock value fell by 11% after the North Sea oil operator reported a loss for the first half of the year, impacted by the windfall tax on energy earnings.
E.On, the owner of Npower, has seen its UK profits increase by more than double.
E.On, the energy behemoth, has announced a £6.9bn surge in its UK sales over the past six months, largely attributed to the recent hikes in Ofgem’s price cap.
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%.
Octopus Energy to invest £15.5bn into global offshore wind projects and farms
Octopus Energy has unveiled its ambitious plan to channel £15.5 billion into global offshore wind projects and farms by the end of this decade.
How the UK offshore wind industry ran out of puff
The UK’s offshore wind industry has traditionally been lauded as the prime example of the nation’s foray into renewable energy.
UK Household energy bills to fall by £425
Ofgem’s decision to lower its energy price cap will result in a reduction of approximately £425 in annual household energy bills, making gas and electricity more affordable throughout Britain.
UK wind power recovery triggers a drop in gas prices.
European natural gas prices continue to drop, hitting almost a 22-month low, as predictions of a surge in wind power production contribute to an already tepid demand projection.
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
Could the UK be facing a ransom situation in the power market?
An investigation by Bloomberg News alleges that certain traders at firms such as Vitol, Uniper, and SSE have used a rather blunt approach to tackle the UK energy crisis: pay
Last year, energy companies in the UK installed 94,000 prepayment meters through mandatory measures
According to the government, Scottish Power, British Gas, and Ovo were accountable for 70% of the compulsory installations.
It is anticipated that the UK government will provide windfall tax relief to energy companies
Next week, the UK government is expected to offer windfall tax relief to its oil and gas companies. This move aims to boost investments and enhance the country’s energy security,