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Hydrogen equipment maker’s move under new chief Dennis Schulz follows string of profit warnings
Crude production from the Permian Basin has soared to a record high
Business leaders urge government action to match incentives and tax breaks or see Britain left behind in race
Unaoil’s Saman Ahsani helped build an empire of bribery involving 27 companies
Covid recovery funds could also be redirected under proposed loosening of state-aid rules, according to draft plan
Gas to be combined with oilfields and all low-carbon investments to come under one division
Plus, tracking the world’s biggest methane emitters
Group’s latest annual outlook says energy security concerns will spur more investment in renewables
Rising rates, market volatility and the war in Ukraine are making it more expensive to move goods around the world
UK court rejects commission’s attempt to get involved as Madrid seeks to avoid €101mn payout to investors
Mining group promises full investigation into latest incident to hit iron ore division
Government warned not to ‘sleepwalk into delays’ over developing next-generation power projects
Profits crunched as materials costs surge and new projects are delayed by EU bureaucracy
Choice will be determined by the relative competitiveness of gas and power going forward
Interconnectors make renewables’ output more reliable but are vulnerable to security threats
Operator of Europe’s main gas trading hub warns that price curb could disrupt market
Consortium of existing investors also among the five suitors still in running for collapsed UK start-up
US supermajor falls short of fourth-quarter expectations but reports record annual earnings of $35.5bn
Group has declined from a £15bn behemoth to a small-cap stock
A core feature of complex Lego sets holds big lessons for energy projects
SMEs claim lack of support from suppliers has left them more exposed to soaring gas and electricity costs
Rate-setters slow pace of policy tightening as growth outlook weakens
Oil and gas major cites ‘tough market conditions’ as it considers withdrawal from retail sector
Also in today’s newsletter, Tesla faces weakening grip on the EV market despite record revenues
The Inflation Reduction Act has stoked domestic climate and business optimism and put Europe on the back foot
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