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FTSE 100 in the red as Shell unveils huge asset write-downs
Headlines from the Proactive UK newsroom.
The FTSE 100 was almost 50 points in the red as Shell unveiled huge asset write-downs and the UK economy did worse than expected in its first quarter. The blue-chip index gave up 44 points at…
88 Energy PLC expanding with fresh opportunity as it consolidates XCD
What it owns
88 Energy Ltd (LON:88E) is being expanded and repackaged through a merger with fellow Aussie listed, Alaska focussed explorer XCD Energy Ltd.
A paper transaction sees the creation of an explorer with a diversified…
Broker SI Capital highlights potential of Power Metal Resources Ltd joint
There’s a new gold rush on in Victoria, Australia, and Power Metal Resources Ltd (LON:POW) is right at the centre of the action, according to broker SI Capital.
Power Metal’s exposure comes through its 49.9% stake in Red Rock…
Saudi-Russia oil price war was ‘very big mistake’: Qatar energy minister
Qatar's Minister of State for Energy Affairs shared his thoughts on some of the major oil producers' market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and Russia to launch into a price war, which…
British energy firms fear collapse as European gas prices surge 250%
Aman Sharma | Getty ImagesLONDON — Britain's energy industry could be headed for a significant shakeup, industry insiders have warned, as countries all over Europe grapple with an unprecedented crisis in the power sector.Wholesale gas…
PowerHouse Energy PLC jigsaws coming together
The pieces of the jigsaw are coming together for PowerHouse Energy Group PLC () under the stewardship of chief executive David Ryan.
Close to a conclusion is an all-paper acquisition of PowerHouse’s development partner Waste2Tricity.…
Oil drops on sharp uptick in coronavirus cases globally
An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California.David McNew | Getty ImagesOil prices slid on Monday as sharp spikes in new coronavirus infections around the world forced some…
Mosman Oil & Gas PLC adopting a sensible approach, suggests broker
“Against a challenging sector backdrop, Mosman has successfully monetised one of its projects."
Mosman Oil & Gas’s () trading update today underlines management’s focus on maximising production while retaining a prudent approach to…
‘World’s largest floating wind farm’ takes another step forward
Norway's Statkraft said Tuesday that a long-term purchasing agreement related to a floating offshore wind farm dubbed "the world's largest" had started, in another step forward for the emerging renewable energy sector.The Kincardine…
At least half of climate finance should be spent on adaptation
An iceberg is seen at the shore of a graveyard in Nuuk, Greenland, September 13, 2021.Hannibal Hanschke | REUTERSTo mitigate the effects of climate change, the world will have to spend at least 50% of total climate finance on adaptation,…