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Energy
FTC clears Chevron-Hess deal, bans John Hess from board
John Hess, chief executive officer of Hess Corp., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe Federal Trade Commission has…
National Grid offers new contracts to manage winter energy demand
National Grid Electricity Distribution (NGED) has introduced new demand turn-up and generation turn-down contracts as part of its flexibility strategy for winter.These contracts are being offered in three regions: the South West, South…
WTI heads for weekly loss as supplies rise
U.S. crude oil on Friday posted a weekly loss, as the prospect of growing oil supplies from Saudi Arabia overshadowed China's efforts to stimulate its economy.The U.S. benchmark West Texas Intermediate fell about 5% this week, while…
Octopus boosts US solar power expansion
Octopus Energy’s generation arm has announced further investment in US solar power, part of its ongoing $2 billion plan to support renewable energy development across the country.This latest move comes just three months after the company…
WTI falls as Saudi committed to higher output
U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year.Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people…
Great British Energy to be headquartered in Aberdeen
In his conference speech, Prime Minister Keir Starmer announced that the state-owned public energy company, Great British Energy (GB Energy) will be headquartered in Aberdeen, which is a significant development for Scotland.Keir Starmer…
Take a look inside a $1.1 million ‘zero emissions’ home
Courtesy: Wojciechowski FamilyReal estate is a key puzzle piece in achieving the U.S.' climate goals, according to federal officials.Residential and commercial buildings account for 31% of the nation's greenhouse gas emissions, after…
Government unveils plans for EPC C standards in rental homes by 2030
The government has confirmed plans to raise minimum energy efficiency standards for rental properties by 2030.The Energy Secretary has committed to consulting on these plans by the end of the year.The focus is on improving energy…
WTI above $71 amid Fed rate cut optimism
U.S. crude oil rose above $71 per barrel on Tuesday, as optimism grows that the Federal Reserve will cut interest rates this week and production is still disrupted in the Gulf of Mexico."Supply disruptions are making their mark,…
Energy consultants respond to proposed regulation changes
The UK Government has introduced new regulatory proposals aimed at increasing transparency and consumer protection in the energy market.The government’s plans, designed to increase consumer protection and transparency in the energy…