Energy

Household energy bills hit three-year high as Ofgem raises price cap 4%

EDF projects the price cap will remain near £1,786 at the end of the decade, prompting calls for transparency from the regulator and government.

Oil tanker threat at worst since Iran war began as Red Sea attacks mount, analysts say

Attacks on alternative Red Sea routes compound Strait of Hormuz disruptions, leaving crude trade facing a broadening and increasingly complex security crisis.

TotalEnergies to acquire Shell’s European onshore renewables portfolio in 4 GW deal

The French energy major will buy Shell’s 4 GW portfolio and immediately sell a 50% stake in a separate 1.2 GW portfolio to KKR for €1.8 billion.

Shell profits more than double to $9.84 billion as Iran war fuels oil and gas price surge

Rosebank oil production pushed to 2027 after drilling gear dropped in North Sea