A string of Western oil groups have sent out a warning to the Nigerian government over their plans to make radical alterations to the contracts that they hold regarding the nation’s deepwater fields.
Next week, as many as ten large oil and gas companies will meet to discuss a new pledge to produce cleaner energy in an effort to tackle climate change. The move has been seen by many as a bid to negate criticisms from anti-fossil fuel movements across the world.
A recent report from Bloomberg New Energy Finance (BNEF) has shown that energy based on the cost per megawatt hour, onshore windfarms are officially the cheapest form of energy available in the UK.
Early trade in London saw Glencore shares jump by 15pc, after they rose as much as 72pc in Hong Kong following a revelation by the Sunday Telegraph that they would be open to takeover offers.
Energy and Climate Change Secretary, Amber Rudd, yesterday announced plans to work with both Citizens Advice and Ofgem to address the issue of poor customer service in the energy sector.
Nations from around the world have been submitting their plans to help reduce carbon emissions and tackle climate change. The plans will form the centerpiece of negotiations that are to be held in Paris later this year.
Less than a week after Shell announced that it would be abandoning its Arctic oil drilling project in the Chukchi Sea, Italian oil company Eni has come forward saying their own plan to dig for oil in the Norwegian Arctic has got the full green light.
According to recent figures released by Citizens Advice, smaller energy companies are receiving some of the most complaints from customers across the UK, but what exactly does this mean?