Telegraph energy
The latest industry news, analysis and information Britain's energy news, including oil and gas giants BP and Shell.
Updated: 34 min 47 sec ago
National Grid suffers US power failure
An inquiry into executives' expenses by US regulators puts pressure on the
British utility over its strategy in the world's biggest economy.
Categories: Energy
'Floating Chernobyls' to hit the high seas
"Floating Chernobyls-in-waiting" are coming to a sea near you after
a major international agreement was signed last week, according to critics
of nuclear power.
Categories: Energy
US authorities seize BP's blowout preventer
US authorities effectively place 'under arrest' the blowout preventer that
should have prevented the explosion on BP's oil spill rig.
Categories: Energy
National Grid in $26m US inquiry
Electricity group accused of trying to charge consumers $26m in excessive
costs, including expenses for school fees and transport of wine collection.
Categories: Energy
BP raises suspect safety valve
The safety device that should have helped prevent the Gulf of Mexico oil spill
was being raised to the surface late last night.
Categories: Energy
BP spill costs still $90m a day after oil leak sealed
BP's Gulf of Mexico oil spill is still costing the oil giant $90m (£58m) a
day, despite the fact that the leak was stopped a month ago.
Categories: Energy
BP oil spill costs rise to $8bn
BP said the cost of the massive Gulf of Mexico oil spill has risen to $8bn
(£5.2bn).
Categories: Energy
Rockhopper execs collect early bonuses after Falklands oil find
Rockhopper has awarded almost £1m in early bonuses to four executives after
finding oil in the Falkland Islands - before key tests on the flow have been
completed.
Categories: Energy
Second Gulf of Mexico rig explodes and 'leaks oil into ocean'
Another oil rig has exploded in the Gulf of Mexico - just over four months
since BP's Deepwater Horizon catastrophe.
Categories: Energy
Eaga looks for 250,000 sunny roofs to power profit
Eaga, the £250m energy efficiency company, said it is in talks to access
250,000 roofs for installing solar panels, as it revealed a 10pc increase in
full-year pre-tax profits.
Categories: Energy
BP attacked over $5m a week spend on adverts since oil spill
Troubled oil giant BP has confirmed massive spending on advertising since the
Deepwater Horizon disaster and oil spill in the Gulf of Mexico.
Categories: Energy
EDF puts up electricity prices for 1 million customers
Electricity prices will go up for the first time in two years, after EDF said
more than 1 million customers would see their bills increase.
Categories: Energy
Power industry to re-energise skills
Power companies desperate to attract more young people into the sector are
backing a new, industry-wide qualification to improve career progression.
Categories: Energy
'Green tax will leave public sector worse off'
Public sector organisations could be forced to pay taxpayer money to private
business in heavy penalties under controversial new "green tax"
legislation.
Categories: Energy
'Green boiler' scheme could be scrapped over reliability fears
The £27bn tax on heavy industry to fund "green boilers" for 1m
British homes is expected to be radically overhauled, amid claims that the
devices are expensive and unreliable at keeping houses warm.
Categories: Energy
Shell's $1.1bn Nigeria pipeline nears finish
Royal Dutch Shell's Nigerian unit "is close to completing" a $1.1bn
(£711m) pipeline that will transport 600,000 barrels of crude oil a day to
its Bonny export terminal on the country's Atlantic coast.
Categories: Energy
'Brideshead' house Castle Howard goes green
The owner of Castle Howard, the stately home featured in the television
adaptation of Brideshead Revisited, has cut his fuel bill in half by going
green.
Categories: Energy
Kazakh tax has Western oil firms over a barrel
This month, Britain's BG Group and US oil giant Chevron faced a case of
Hobson's choice - either start paying Kazakhstan more than $1m (£650,000) a
day in unwarranted export duties, or see their oil and gas exports stopped
dead at the border. There are no prizes for guessing which option they took.
Categories: Energy
Obama could kill fossil fuels overnight with a nuclear dash for thorium
If Barack Obama were to marshal America's vast scientific and strategic
resources behind a new Manhattan Project, he might reasonably hope to
reinvent the global energy landscape and sketch an end to our dependence on
fossil fuels within three to five years.
Categories: Energy
BP to admit $1m-a-week advertising spree
BP reveals it's spent $1m (£644,329) a week on ads since the gulf oil spill.
Categories: Energy
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more