Gas prices ease as Norway’s government steps in to stop strikes from offshore workers July 6, 2022 Gas prices have dropped across Europe after the Norwegian government stepped in to end strike action from offshore workers.
UK prepares to simulate supply crunch as challenging winter looms August 7, 2022 The UK is preparing to simulate a gas supply crisis, to test how resilient the energy system is in the case of emergency shortages this winter.
National Grid to pay factories for gas cuts in emergency plans to fight winter crisis August 23, 2022 The National Grid has drawn up emergency plans to reduce power demand from factories across Britain as the winter crisis bites.
Gas prices drop amid milder weather and LNG boost January 19, 2022 Gas prices have slumped despite seemingly favourable geopolitical trends amid milder weather and an LNG boost to formerly flagging supplies.
Shell ends Russia dealings and apologises for oil purchases March 8, 2022 Shell has announced it will cease involvement in all Russian hydrocarbons following the country's invasion of Ukraine.
A volatile week draws to a close on Friday the 13th with ‘a UK economy that has more or less ground to a halt’ May 13, 2022 There were more wild swings in equity markets over the last 24 hours, largely driven by a concern over slowing growth, and sticky inflation, raising fears of looming stagflation and possible recession. These worries manifested themselves in the guise of fluctuating bond yields, and weaker commodity prices, while Federal Reserve officials continued to show little [...]
Wartsila boss calls for onshore wind to power Europe’s energy ambitions November 23, 2022 Onshore wind should "absolutely" be part of Europe's ambitions, as it looks meet net zero goals and reduce its reliance on overseas supplies.
Blackout Warning: Germany suspends approval for Nord Stream 2 pipeline as energy crisis deepens November 17, 2021 EUROPE is bracing itself for an energy crisis this winter after approval for Russia’s controversial gas pipeline into Germany was suspended by regulators. Gas prices shot up again on Wednesday as traders reacted to the news, with UK natural gas futures up 17 per cent on the day and the European benchmark also spiking by [...]
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
Europe must avoid ‘sticking plaster’ solutions to meet energy needs September 12, 2022 Europe has to ramp up its own energy production, rather than become reliant on other overseas suppliers, argues a Westminster think-tank.