Energy industry

UK energy suppliers to spend £500m to cushion pain of rising bills

Energy suppliers will spend £500m helping customers with their energy bills this winter, after the government helped broker a deal involving 12 of the biggest companies in the UK.Suppliers...

E.ON must pay £14.5m to prepayment customers after billing failures

The energy regulator has ordered power supplier E.ON Next to pay £14.5m in compensation to nearly 250,000 prepayment...

Shell’s successful appeal will not end climate lawsuits against firms, say experts

A court ruling in favour of Shell does not spell the end of climate litigation against companies, legal...

Heat from sewers, tube and Thames could soon warm London buildings

About 1,000 London buildings including the Houses of Parliament and the National Gallery could soon be warmed by...

About 1,000 London buildings could be warmed by UK’s largest heat network

About 1,000 London buildings including the Houses of Parliament and the National Gallery could soon be warmed by...

UK’s smart meter targets leaving energy users short-changed, says Martin Lewis

Energy customers are being short-changed by “perverse” government targets to install electronic smart meters in homes across the UK, according to the consumer campaigner...

Oil demand growing at slowest rate since height of pandemic, says IEA

The world’s demand for oil is growing at its slowest pace since the height of the Covid-19 pandemic, causing global market prices to slump...

Grangemouth oil refinery to close by end of June, putting 500 jobs at risk

The owners of the Grangemouth oil refinery have confirmed it will shut by the end of June next year, in a blow to Scotland’s...

BP extends use of AI in five-year deal with spy tech firm Palantir

The oil and gas supermajor BP is to use artificial intelligence to speed up the decision-making of its engineers, after signing a five-year deal...

Oil firms vow to fight judicial review of North Sea oil and gas projects

Two of Europe’s biggest oil companies have vowed to fight two legal cases brought by environmental campaigners against their plans to develop new oil...

Sanctioned Russian oligarchs allowed to invest in UK North Sea oil producer

The government faces growing criticism after a company backed by two sanctioned Russian oligarchs was allowed to become a part-owner of the UK’s largest...