Total, the French energy behemoth, has declared its intent to establish a $2 billion (£1.6 billion) synthetic gas facility in the United States, thereby challenging Europe’s renewable energy ambitions.
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.
Sunak Initiates Withdrawal from North Sea – Observe the Decline of UK Oil Production
In the early 2000s, the North Sea oil and gas industry, centered around Aberdeen, reached its pinnacle, producing over 2.7 million barrels of oil each day, which accounted for 3.6%
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,
The UK’s Supreme Court is set to consider a landmark case regarding sewage in the country’s waterways.
On Monday, one of the UK’s largest privatised water companies will argue in the Supreme Court that it should not be held responsible by private landowners and individuals for sewage
Energy providers prepare for Jeremy Hunt to extend bill support
Jeremy Hunt is expected to extend the government’s energy price guarantee at its current level for three more months, preventing household bills from increasing by an average of £500 from
The oil and gas sector in the UK has raised concerns that the imposition of windfall taxes is discouraging investment in the industry
According to the trade body of the UK oil and gas industry, Offshore Energies UK, companies in the sector are reducing their operations in the North Sea and prioritizing investment
UK Energy bills to rise by £500 under Ofgem price cap
Starting from April, Ofgem is reducing the maximum amount energy suppliers can charge consumers by almost £1,000. The regulator has cut the price cap to £3,280 from the current £4,279
Energy bills to rise £500 from Easter, despite falling gas prices
Despite falling gas prices and warmer weather, households will likely have to pay £500 more for energy starting in April.
Natural gas is set to record its third weekly gain this year
European gas prices have surged for the third consecutive day, as western parts of the region are bracing for icy weather next week.
Ofgem has announced a investigation in British Gas
Ofgem has initiated a broad, unbiased, and comprehensive evaluation of British Gas following the disclosure of its subcontractors’ unlawful entry into households to install prepayment meters.