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Why Rishi Sunak signalled changes in the king’s speech – and whether it will result in lower billsThe government has confirmed its plans to grant new North Sea oil and gas licences every year at the opening of parliament, deepening a political fault li…
UK’s coal-hungry blast furnaces likely to be replaced, making economic case for mine ‘dead in the water’ says local MPNews of the likely closure of the UK’s steel blast furnaces has prompted calls for the government to reconsider approval for a controv…
Conservatives hope plans will open up clear dividing lines with Labour and protect thousands of jobsRishi Sunak will this week announce legislation for a new annual system for awarding oil and gas licences as part of a highly political king’s speech wh…
Public accounts committee issues ‘sobering reminder’ there are no guarantees money spent will be recovered after collapse of BulbBill payers could be on the hook for almost £6bn to cover the cost of bailing out suppliers that went bust during the energ…
Results are company’s first since shock exit of its chief executive Bernard Looney last monthBP has reported weaker than expected profits of $3.3bn (£2.7bn) for the third quarter of this year amid lower global energy market prices and a slump in its ga…
Engineering group in talks with German ministers to secure 80% of an initial €10bn funding trancheBusiness live – latest updatesThe German government is in talks to provide a multibillion-euro bailout to the engineering giant Siemens Energy to shore up…
Exclusive: North Sea Transition Authority under fire for using lawyers to argue against publication of environmental impactThe UK’s oil and gas regulator is coming under fire from environmental groups for using lawyers to try to prevent the publication…
Investigators seeking to establish whether it came from a Chinese container vessel and have not ruled out sabotageFinnish investigators have recovered a large ship’s anchor from near the spot where a Baltic Sea gas pipeline was extensively damaged and …
Takeover puts Chevron head-to-head with ExxonMobile in oil-rich Guyana and US shale industryBusiness live – latest updatesChevron has announced it will buy the US fossil fuel producer Hess Corporation in a $53bn (£44bn) all-stock deal, as it seeks to i…
Government and gas-focused industry body resist conclusion that heat pumps are ‘only viable’ option for heating UK homesThe government and sections of UK industry will continue to back the prospect of using hydrogen for home heating, despite a clear ve…