Energy customers are subsidising £7.5billion in “unjustified” profits made by gas and electricity network companies because of errors in judgment made by regulator Ofgem, a charity has claimed.
As the White House kicks off “Energy Week,” here’s a look at how energy markets are faring so far this year -- and how the Trump administration stands to change them:
XTO Energy, the US shale drilling arm of Exxon Mobil, plans to move 1,600 workers to the Houston area from its Fort Worth headquarter offices starting in mid-2018.
Germany and Austria condemned a proposed expansion of U.S. sanctions on Russia, saying the measures sought to bolster U.S. economic interests and included an unacceptable intervention in the region’s energy sector.
Scottish Labour leader Kezia Dugdale has hailed the party’s UK manifesto, including a promise to safeguard the North Sea oil industry, as "a radical vision for the country".
Theresa May’s pledge to cap “rip off” gas and electricity prices if the Conservatives return to power has immediately prompted debate about whether or not it would actually result in lower bills for consumers.
Spanish oil company Repsol more than doubled its net income in the first quarter of 2017 with upstream and downstream improvements as well as a new mega-find in the US.
Northern Ireland is facing soaring energy bills unless work begins immediately on a cross-border interconnector, an influential committee of MPs has warned.
A scheme which will use two disused slate quarries on the edge of Snowdonia as reservoirs for power storage has been given the go-ahead by the Government.
The Scottish Government maintains that the country is not missing the boat on decommissioning projects despite another UKCS project going to a Norwegian firm.
In recent years, Scotland has been building a reputation as world-leaders in renewable energy production. The Scottish Government’s adoption of policies to build clean, green energy technologies and infrastructure was a bold step, but the fact we are not only meeting our targets, but exceeding them, shows it was the right thing to do.