Scottish wind lifts SSE’s profit as boss says he will step down Energy London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]
BP and Shell profit set to slide on sluggish oil prices Energy BP and Shell are expected to post lower profits this week as the supermajors grapple with weak oil prices and a global slowdown in demand.
London Stansted embarks on exciting new chapter Sponsored As an economic powerhouse, London needs to keep investment rolling in, to create jobs, to support economic growth and to maintain the capital’s place on the world stage. Last week’s International Investment Summit hosted by Prime Minister, Sir Keir Starmer, was an ideal opportunity for London Stansted to showcase its role in helping the government [...]
BHP nears record settlement for Samarco dam disaster October 21, 2024 Miners BHP and Vale are negotiating a possible settlement worth roughly $31.7bn (£24.32bn) with Brazilian authorities over a 2015 dam failure that is considered one of the country's worst environmental disasters.
Ministers to speed up energy ‘skills passport’ amid worker shortages October 17, 2024 The energy secretary will speed up oil and gas workers being able to transition to jobs in the renewable energy industry via a “skills passport” as workforce shortages are “hindering” the sector. Energy security and net zero secretary Ed Miliband confirmed his department will “provide project management advice” to Offshore Energies UK (OEUK) and Renewable [...]
UK and EU energy giants call for post-Brexit North Sea ‘green power hub’ October 15, 2024 UK and EU energy firms are urging their governments to overhaul the post-Brexit trading set up in a bid to construct a North Sea “green power hub” and unlock investment. Some 20 top power firms and lobby groups have written an open letter to European and British energy ministers to urge them to prioritise a [...]
Thames Water creditors in talks with Ofwat for debt rescue plan October 9, 2024 A creditor group has held a meeting with water watchdog Ofwat this week, to pitch plans to keep the troubled Thames Water out of state ownership
3i Infrastructure set to exit stake in French green energy firm October 7, 2024 FTSE 250 investment trust 3i Infrastructure is poised to sell its stake in French independent green energy operator Valorem in a deal worth roughly €309m (£258m).
Starmer set to announce £22bn boost for UK carbon capture October 4, 2024 The UK is set to invest almost £22bn over 25 years in carbon capture and storage schemes, Sir Keir Starmer is to announce ahead of the upcoming international investment summit. Projects in Teesside and Merseyside will benefit from the £21.7bn in funding over 25 years, which the government says will attract £8bn in private investment [...]
Demise of coal power is end of an era, but not an end in itself October 1, 2024 A quiet revolution occurred in the very earliest moments of this morning, probably while you were asleep. You went to bed in one sort of country, and woke up in another sort entirely. The difference is largely invisible but undeniably huge: yesterday, the UK’s last coal power station was still operational and by this morning [...]