Britain’s biggest energy retailers have told ministers they will provide more than £500 million of extra help to households as the government tries to avoid criticism over the row over winter fuel payments. Sky News has learned that the industry body, EnergyUK, plans to make a joint announcement with the Department for Energy Security and … Read more
The energy supplier that bailed out rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the deal, delivering what it will say this week represents a £1.5bn windfall for taxpayers. Octopus Energy will announce on Thursday that it has paid more than £3bn to the government, … Read more
Britain’s fourth-largest home energy supplier has poached a senior executive from digital bank Monzo, as it explores options that could lead to a change in ownership. Sky News has learned that OVO has appointed James Davies, who has worked for companies including William Hill and Purplebricks, the online estate agent, to become the company’s new … Read more
Diamondback Energy Inc. surged more than 10% after agreeing to buy fellow Permian Basin driller Endeavor Energy Resources LP in a $26 billion deal that’ll create the largest explorer focused exclusively on the western hemisphere’s busiest oil field. The agreement swells the value of recent shale takeovers to roughly $150 billion as oil executives scramble … Read more
Over the past six decades, Autry Stephens has worn nearly every hat in the oil industry, from trucker to driller to engineer. Now he’s poised to don the crown of America’s richest oil tycoon. On Monday Diamondback Energy Inc. agreed to buy Stephens’s Endeavor Energy Resources LP for $26 billion in cash and stock. The … Read more
ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly food items, soaring. To add to the woes, the … Read more