Energy firms welcome price cap freeze as Truss leans towards £100bn package September 6, 2022 Energy bosses have welcomed reports that Liz Truss is edging towards a price cap freeze to stave off spikes in the price cap this winter.
Going Nuclear: France to name new EDF boss within days September 6, 2022 France will select the new boss of state-controlled power giant EDF in the next few days, revealed the country's Finance Minister.
EnQuest rebounds with massive profits powered by commodities boom September 6, 2022 North Sea operator EnQuest has raked in pre-tax profits of $416m fuelled by soaring oil and gas prices and robust production.
Gaucho restaurant boss claims steaks would have to cost £100+ to cover rising energy bills September 6, 2022 The hospitality chief behind the Gaucho steak restaurants has said his venues would have had to charge beyond £100 for steaks in order to cover energy costs if they were not fixed. Restaurant bosses have urged the new Prime Minister Liz Truss to issue emergency support for the sector as some venues grapple with bill [...]
Tullow merger target Capricorn weighs up alternative bidders September 6, 2022 Capricorn Energy has confirmed it is holding talks with other bidders, following investor concerns over its Tullow merger.
OPEC+ to cut oil output as recession fears weigh down demand September 5, 2022 OPEC+ have agreed a small output cut in oil production to bolster prices that have dipped amid escalating fears of an economic slowdown.
Exclusive: Demand has to be tackled alongside supply, says energy boss September 5, 2022 The Government needs to combine support for households with policies that will cut supply demand, argued Good Energy boss Nigel Pocklington.
Exclusive: Fracking revival draws mixed response from industry analysts September 5, 2022 The growing possibility of fracking being revived in the UK has drawn a mixed response from energy analysts and think tanks.
Utilita boss: Energy sector will support price cap freeze September 5, 2022 The energy sector would support a price cap freeze to ease record household bills this winter, argued Utilita Energy chair Derek Lickorish.
Gas prices soar as Russia cuts off flows from Nord Stream pipeline September 5, 2022 Gas prices have spiked after Gazprom cut off gas flows into Europe via the key Russia-Germany Nord Stream 1 pipeline.