Rishi Sunak unveils windfall tax on energy firms to fund £15bn package for UK households

Rishi Sunak has announced a £15bn package to help UK households facing a further hike in energy bills this autumn, while completing a major U-turn with a £5bn windfall tax on oil and gas companies to help pay for it. The chancellor also said he was considering “appropriate steps” to target “extraordinary profits” made by … Read more

Jsw Energy Share: These 6 stocks saw rise in profit margin for 4 quarters in a row. Worth a look?

NEW DELHI: , and L&T Technology Services are among six top BSE500 stocks (excluding banking and financials), which saw improvement in profit after tax (PAT) margin over the last four successive quarters. Data showed five out of these six stocks also outperformed the BSE Sensex in the last one year. Analyst estimates on five of … Read more

Devon and 3 Other Energy Stocks That Are Worth a Look Now

Text size Pioneer and Devon were early proponents of a popular new dividend strategy. Goce Risteski/Dreamstime.com Investors used to evaluate energy companies on how quickly they were growing their oil and gas production. These days, they look much more closely at another metric—free cash flow. Oil and gas producers have shifted their business models to … Read more

Talos Energy eyes new production via M&A as oil majors decarbonize – Reuters (NYSE:TALO)

shaunl/E+ via Getty Images Talos Energy (NYSE:TALO) -8.4% post-market on Tuesday, perhaps in reaction to comments from CEO Tim Duncan that the company is interested in acquiring new production, according to Reuters. “The majors are going to decarbonize and we want to be available for the right M&A deal at the right spot,” Duncan reportedly … Read more

Shares in UK energy groups tumble as Treasury plans windfall tax

Shares in some of Britain’s biggest power companies fell sharply on Tuesday as Rishi Sunak drew up plans for a windfall tax on the energy sector to help offset spiralling domestic fuel bills. The chancellor is rushing to complete an emergency energy package to offer relief to households struggling with a spiralling cost of living … Read more

BP to partner with UAE energy firms on clean hydrogen projects (NYSE:BP)

Leon Neal/Getty Images News BP (NYSE:BP) said Tuesday it has joined forces with two of United Arab Emirates’ biggest energy firms to develop clean hydrogen and technology hubs. The company and Abu Dhabi National Oil Co. will begin the design phase for the planned at H2Teesside low-carbon hydrogen project, which would be Adnoc’s first investment … Read more

MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage

MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk and operational all-risk insurance solution for battery energy storage systems (BESS), as part of its commitment to supporting sustainability. Altelium is a specialist insurtech business that provides insurance for batteries, underpinned by real-time AI-powered data … Read more

Devon and 3 Other Energy Stocks That Are Gushing Cash

Text size Pioneer and Devon were early proponents of a popular new dividend strategy. Goce Risteski/Dreamstime.com Investors used to evaluate energy companies on how quickly they were growing their oil and gas production. These days, they look much more closely at another metric—free cash flow. Oil and gas producers have shifted their business models to … Read more