The move comes as the Danish energy giant works to shrink its downstream operations and focus on building, owning and operating renewable generation assets
As we enter the new gas year and the position is set out for the coming winter, what is concerning markets and should be of concern to energy buyers?
The government is being urged to end the 5% VAT rate on domestic heating fuels and redistribute the revenues to help those on low incomes to heat their homes
The latest Drax Electric Insights report shows the impact lockdown had on our electricity system. The report, conducted via Imperial Consultants, by academics from Imperial College London, is an independent analysis of Great Britain’s electricity system during the second quarter of 2020.
Meet the energy expert, David Gilbey
The review looks to ensure the government has the necessary information to plan for continued oil and gas production in a manner ‘aligned with tackling climate change’
There were no new capacity additions from oil, nuclear power or geothermal energy across the country during the timeframe
The company said the gas market is no longer considered viable to the group ‘because of the unfavourable working capital and onerous terms and conditions’
The projects will power Chevron’s operations in the US Permian Basin, Argentina, Kazakhstan and Western Australia
Carbon is continuing to create waves in the markets by defying expectations and hitting new contract highs.