Global engineering and consulting firm Wood has announced it has closed a deal to sell off its nuclear business to Dallas-headquartered company Jacobs.
Two offshore accommodation vessel contractors have thrown in the towel on their plans to join forces after running into opposition from monopoly watchdogs.
The UK’s monopoly watchdog has decided to carry out an in-depth investigation into the planned merger between two offshore accommodation providers.
Scottish utility SSE and Germany’s innogy claim consumers will be the winners as the competition watchdog approved a merger of two of Britain’s biggest energy suppliers.
The deal to merge Npower and SSE’s retail operations has been given the all-clear by the competition watchdog, paving the way for the tie-up of two of Britain’s biggest energy suppliers.
The deal to merge Npower and SSE's retail operations has been given the provisional green light after the energy watchdog said there is "plenty of choice" in the UK market.
The deal to merge Npower and SSE's retail operations has been referred for a full investigation after the two energy giants failed to address concerns, the competition watchdog has announced.
Four million households on pre-payment meters are to benefit from a temporary price cap which will reduce bills by around £300 million a year, the Competition and Markets Authority (CMA) said.
A final report on a major investigation into the UK’s energy sector by the competition watchdog is set to be published.
Gas and electricity prices will be temporarily capped for four million households on pre-payment metres, after it was revealed that Britons could have been overpaying by around £1.7 billion. An Ofgem-controlled database will also be launched, allowing rival suppliers to offer those on standard variable rates (SVRs) for three years or more better deals.
Centrica refutes Competition and Markets Authority’s (CMA) findings that customers could have been historically overpaying £1.7billion a year.
Around four million households on pre-payment meters will see their power bills slashed and providers will have to share customer data to allow rivals to offer them better deals under proposals announced by the energy watchdog.
The chief executive of the Competition and Markets Authority (CMA) has written to energy secretary Amber Rudd raising concerns over competition in the North Sea oil and gas industry. The CMA has warned the Department of Energy and Climate Change (DECC) that plans to establish the Oil and Gas Authority (OGA) could lead to information exchanges which may harm competition.