Are our energy bills going to hit £5,000 a year?

An initial assessment from Ofgem reportedly concluded the price cap is likely to jump to about £2,400 in October

“Energy sector has withstood the first blow”

A Ukrainian energy firm said it has put extra safety measures in place for its staff after Russia’s invasion

Aberdeen energy firm boosted with £500k HSBC UK funding package

The funding will enable the company to purchase combined heat and power generators

MP slammed council for investing in energy supplier

Andy Carter questioned Warrington Borough Council’s move to invest £52 million in a company that is reportedly struggling to find new investors

Kwasi Kwarteng reportedly held private Met Office briefing with energy bosses

The briefing said that the UK will face mild and wet conditions through the winter

Energy firms ‘urge government to ditch green taxes this winter’

Energy bills could further increase by an estimated £150 as a result of the taxes

bp-backed energy firm is ‘close to collapse’

Energy supplier Pure Planet is reportedly in talks with Ofgem to enter the Supplier of Last Resort process

Stricter rules ‘will be set to halt energy firms’ greenwashing’

The measures will allegedly protect consumers that may be misled into signing up to ‘green’ tariffs based on false green credentials

BP announces joint venture with Argentinian firm

BP has announced a joint venture with a firm in Argentina to form a new energy company. Its agreement with Bridas Corporation will combine their interests in oil and gas producer Pan American Energy (PAE) – the second largest in the country – and refiner Axion Energy. BP said the new company, Pan American Energy […]

UK shale firm IGas to cut more than 25% staff

Shale gas company IGas plans to cut more than a quarter of its staff and close an office in Stirling. The company, which has around 200 employees, said the cuts were due to the lower price of oil. It said: “In light of the prevailing oil price environment, IGas has undertaken a review of its […]