Will it work? GB Energy sam fowles Labour has pledged £8.3bn for a new energy investment vehicle, GB Energy. But will it work? Sam Fowles investigates.
UK ‘not fast enough’ on energy transition, warns Siemens energy chief Energy The UK is not moving fast enough on the energy transition, the boss of the British arm of Siemens Energy has said.
Octopus Energy inks landmark agreement with Gresham House Energy Storage Fund energy Gresham House Energy Storage Fund has reached an important agreement with Octopus Energy.
Harbour Energy’s $11.2bn acquisition will transform the North Sea player January 8, 2024 Panic buying the week before Christmas is a familiar practice the world over. Presents, booze, holidays; the phenomenon is a manifestation of ‘fear of missing out’ culture and one that incurs massive spending. News of London-listed Harbour Energy’s blockbuster $11.2bn buy of Wintershall Dea’s oil and gas assets closed at 3pm GMT on 21st December. [...]
FTSE 100 energy giant Centrica declares stability has returned to the energy market June 5, 2024 FTSE 100 energy giant Centrica has updated the market ahead of its AGM later today.
Ithaca Energy’s income slumps, but it expects ‘material dividend capacity’ from Eni merger May 28, 2024 Ithaca Energy has suffered a drop in income, but the group remains optimistc about future growth.
Siemens Energy’s struggling wind unit eyes $436m in cost cuts November 21, 2023 Siemens Gamesa, the struggling wind division of Germany's Siemens Energy, plans to cut costs by around €400m (£349m) by 2026.
Ithaca Energy scales back North Sea investment due to energy windfall tax February 15, 2024 Ithaca Energy said today that its full-year earnings would be in line with its guidance, as the firm grapples with a sinking stock price. The North Sea oil and gas producer said 2023 production had been 70.2 thousand barrels of oil equivalent per day, matching expectations of 78-74. Last month, the firm’s chief executive Alan [...]
UK gas glut slashes one quarter off Harbour Energy’s returns sheet January 18, 2024 The FTSE250 company, Harbour Energy, which is now the largest independent oil producer in the North Sea, has projected 2023 revenues to come in at $3.9bn, down 27 per cent from $5.4bn in 2022.
Shapps to meet energy chiefs over government’s green energy goals August 2, 2023 Grant Shapps will encourage energy chief to outline their plans to bolster the country's supply security today.