Japan announces plans to divert LNG supplies to Europe amid Russia-Ukraine tensions February 9, 2022 Japan will divert LNG cargoes to Europe in response to calls for supplies from the West amid continued tensions in Ukraine.
Equinor shareholders receive $10bn after energy firm reports booming profits February 9, 2022 Equinor will pay out $10bn to shareholders this year, after reporting record fourth-quarter pretax profits.
Essar unveils £45m plans to build UK’s first refinery-based hydrogen furnace February 9, 2022 Essar Oil UK (EOUK) will install a new £45m furnace capable of using hydrogen as its fuel source at its plant in North West England.
SSE upgrades profit expectations to nearly £1bn amid soaring gas prices February 8, 2022 SSE has upgraded its full-year outlook, with the energy firm boosting its profit forecasts to nearly £1bn amid spiralling wholesale gas prices.
BP brushes off calls for windfall tax amid deepening energy crisis February 8, 2022 BP chief executive Bernard Looney has rejected growing calls from the Labour Party for a windfall tax on North Sea fossil fuel operators.
Ofgem boss accepts oversight failings of energy sector but defends consumer price cap February 8, 2022 Ofgem's chief executive has recognised regulation of the energy industry has to be "tougher" after market chaos this winter.
Biden: Nord Stream 2 pipeline will be halted if Russia invades Ukraine February 8, 2022 The Nord Stream 2 gas pipeline will be halted if Russia invades Ukraine, announced US president Joe Biden yesterday.
Consumer price cap hike reflects ‘severity of the crisis’ February 3, 2022 The "severity of the energy crisis" is now becoming a reality for 22m households, argued USwitch's Justina Miltienyte.
Shell CEO dismisses calls for windfall tax to reduce household energy bills February 3, 2022 Shell's chief executive Ben van Beurden has pushed back against rising calls for a windfall levy to ease the burden on energy consumers.
Household energy bills to rise 54 per cent to nearly £2,000 per year February 3, 2022 Household energy bills will rise to £,1971 per year from April 1, after Ofgem announced its latest update to the consumer price cap.