BP plans 700 job cuts as O’Neill flattens upstream structure
July 31, 2026
BP is proposing to remove around 700 non-frontline production and operations roles, according to a leaked internal email. The reductions would
Finance & Legal
Bank of England holds rates as energy shock divides policymakers
July 31, 2026
The Bank of England held its base rate at 3.75%, but three of nine policymakers voted for an increase to 4%.
Drax profit down 39% as group accelerates move beyond biomass
July 30, 2026
First-half adjusted EBITDA fell from £460 million to £279 million, principally because of lower achieved power prices at Drax Power Station.
Glencore trading profit more than doubles as commodity disruption pays off
July 30, 2026
Glencore expects approximately $3.3 billion of adjusted earnings from commodity marketing in the first half of 2026, up from $1.4 billion
Shell profit more than doubles as Middle East volatility powers $9.8 billion quarter
July 30, 2026
Shell’s Q2 adjusted earnings rose to $9.8bn, beating analyst expectations and more than doubling from a year earlier. Strong LNG and
Ofgem proposes ‘commitment fee’ to purge speculative data centres from grid queue
July 30, 2026
Data centre projects of 40 MW or more could be required to secure between £237,500 and £712,500 for every megawatt of
Malawi commissions 20 MW battery to stabilise hydro-dependent power grid
July 29, 2026
Malawi has commissioned its first 20 MW / 40 MWh standalone battery system in Lilongwe, backed by around $20mn of grant
UK government outlines proposal for £250 grid infrastructure bill discounts
July 28, 2026
Households within 500 metres of qualifying transmission projects will be eligible for discounts of up to £250 a year for ten
TotalEnergies to appeal ruling extending climate duty to customer emissions
July 28, 2026
TotalEnergies will appeal a French judgment requiring its corporate vigilance plan to address Scope 3 emissions from customers using its oil
BP closes in on sale of Lightsource to Kuwait-backed consortium
July 27, 2026
Qualitas Energy and Kuwait Investment Authority-owned Wren House are reportedly in advanced negotiations to acquire solar developer Lightsource from BP. The
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