(Reuters) -Shell Plc’s UK retail energy business has to pay 536,970 pounds ($635,181) for overcharging some customers on its default tariffs which are subject to a price cap, Britain’s energy market regulator Ofgem said on Thursday. The payment by Shell Energy includes a refund of 106,000 pounds to the affected prepayment customer accounts as well …
Shell Energy to pay for overcharging price cap customers -Ofgem Read More »
By Shadia Nasralla LONDON (Reuters) – Harbour Energy, the UK North Sea’s biggest oil and gas producer, increased a share buyback programme by 50% to $300 million on Thursday as it reported first-half free cash flow of $1.4 billion. Harbour, which is set to produce just over 200,000 barrels of oil equivalent this year and …
Harbour Energy ups buybacks to $300 million after free cash flow jump Read More »
By Ross Kerber and Pete Schroeder (Reuters) -Texas agencies may bar BlackRock Inc and nine European firms from doing some business in the state after its Comptroller Glenn Hegar on Wednesday concluded the companies were boycotting the energy industry in violation of a new law. In a document his office released on Wednesday, Hegar also …
BlackRock, European firms face Texas pension ban over energy policies Read More »
(Reuters) -Pipeline operator Energy Transfer LP will supply 2.1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Shell Plc for 20 years under a deal announced on Wednesday. The supply agreement is Energy Transfer’s sixth in five months and comes after Western sanctions on exports from key producer Russia squeezed an already-tight …
Energy Transfer signs 20-year LNG supply deal with Shell Read More »
By Andrey Ostroukh MOSCOW (Reuters) – Consumer prices in Russia declined for the seventh week running, as the rouble’s appreciation in the past few months and a drop in consumer demand slow the pace of price growth, although households’ expectations of future inflation increased. The consumer prices index (CPI) dipped 0.15% in the week to …
Russian consumer prices dip again but inflation expectations rise Read More »
(Reuters) – Britain’s Octopus Energy Group has bought a 24% stake in large-scale battery developer and solar power company Exagen through a new renewables fund, it said on Wednesday. The Exagen stake is the debut investment for the Octopus Energy Development Partnership (OEDP), which is managed by Octopus Energy Generation and has earmarked 220 million …
Octopus Energy buys stake in solar and battery business Exagen Read More »
By Natalie Grover and Stine Jacobsen COPENHAGEN/LONDON (Reuters) -Bavarian Nordic, the maker of the only approved monkeypox vaccine, said on Wednesday it was exploring the viability of using technically expired doses to help bridge a growing gap between demand and supply due to the current outbreak. In an interview with Reuters, Chief Executive Paul Chaplin …
Bavarian Nordic vows to boost monkeypox vaccine supply to combat shortfall Read More »
By Elizabeth Howcroft LONDON (Reuters) – Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto’s hacking problem. NFTs are blockchain-based assets that represent digital files such as images, video or text. The …
NFTs worth $100 million stolen in past year, Elliptic says Read More »
By Johann M Cherian, Sruthi Shankar and Aniruddha Ghosh (Reuters) -Commodity and financial stocks dragged the UK’s FTSE 100 lower on Wednesday on worries about a slowdown in global economic growth, although a jump in AVEVA Group on buyout news and a weaker pound helped limit losses on the exporter-heavy index. The blue-chip FTSE 100 …
Growth fears drag on FTSE 100; AVEVA soars as Schneider mulls buyout Read More »
By Andrew Osborn LONDON (Reuters) – Cold winters helped Moscow defeat Napoleon and Hitler. President Vladimir Putin is now betting that sky-rocketing energy prices and possible shortages this winter will persuade Europe to strong arm Ukraine into a truce — on Russia’s terms. That, say two Russian sources familiar with Kremlin thinking, is the only …
Analysis-Putin bets winter gas chokehold will yield Ukraine peace – on his terms Read More »
