Drax hands £300m to shareholders while waiting for subsidy
Drax is seeking to invest in bioenergy with carbon capture, use and storage (BECCS) technology at its main power-generation site but is looking to the UK government for a subsidy "bridge"
Drax is seeking to invest in bioenergy with carbon capture, use and storage (BECCS) technology at its main power-generation site but is looking to the UK government for a subsidy "bridge"
Equinor’s (OSE:EQNR) profits for the second quarter fell 4% year on year but managed to beat analysts’ forecasts, according to its latest results.
CEO Davis Larssen and CFO Mark Fraser have also introduced an employee ownership scheme, marking a significant milestone in the company's 60-year history.
Deal is expected to boost north-east company's revenue by more than £50 million this year.
Aberdeen company Wood (WG.L) has rejected a second, improved takeover bid, worth nearly £1.5 billion from a Middle East suitor.
Shell (LON: SHEL) has no plans to list in New York, preferring to focus on its share buyback scheme to increase its value.
Democratic lawmakers in the US lambasted oil majors in a new report on Tuesday (30 April), claiming that the industry has engaged in “an elaborate campaign of deception and doublespeak” to forestall meaningful climate action and sustain their outsized profits.
BP (LON:BP) is expected to step back from its usual climate-strategy-focus at its Annual General Meeting (AGM) later today, analysts have said.
“I’m inviting all European oil and gas companies to relocate to America."
The combined UK group will produce over 100,000 barrels per day with a market cap of around £2bn.
Call from Sparta Capital Management comes a year after collapse of £1.7bn Wood takeover bid from private equity giant Apollo.
Shell (LON: SHEL) CEO Wael Sawan has said he is open to moving the supermajor’s primary stock listing from London to New York.
Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives.
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
A Texas man made almost $2 million by illegally trading on his wife’s conversations with her BP Plc (LON:BP) colleagues, according to the US Securities and Exchange Commission in its latest case about couples eavesdropping while working from home.
Demand for offshore wind is there - so how we can ensure that all Scottish businesses benefit from the energy transition opportunity now and in the future? Jamie Sansom, team lead of offshore wind at Scottish Enterprise, discusses this important question.
Credit ratings agency Fitch has downgraded its assessment of North Sea operator Petrofac (LON: PFC) to a 'B-' in the latest sign of financial trouble at the firm.
Australian oil and gas giants Santos (ASX: STO) and Woodside Energy (ASX: WDS) have confirmed ongoing discussions on a A$80 billion (£40bn) potential merger.
Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.
The reaction from oil and gas analysts has been fairly muted after BP (LON: BP) published its third quarter financial results earlier today.
Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy.
Oil prices have risen due to "increased uncertainty" over how the situation in Israel and Palestine could disrupt output from the Middle East.
Neil McDonald, head of Scotland at the firm, says it wants to support growing energy firms.
On August 25, the United Nations General Assembly (UNGA) adopted a resolution proclaiming that January 26, 2024 will be dubbed the International Day of Clean Energy.
Fixed energy tariffs are making a comeback in the UK, allowing consumers to lock in power and gas rates now that prices have eased from last year’s record levels.