Dubai / WAM Enoc Group has announced a record 97 million kWh in power savings since 2014, which is the equivalent of energy needed to power 8,600 houses per year, as a result of implementing a series of energy and resource management initiatives. Since 2014, the group has also recorded significant 230,000 tonnes reductions in carbon dioxide (CO2) emissions; as ...

Bloomberg Octopus Energy, the UK green power provider, bought US startup Evolve Energy as part of a $100 million push into the American market. The company hopes to attract millions of customers as it gets a foothold in the Texas market. It’s the latest step in Octopus’s plan to expand globally, driving down consumer prices with low-cost renewable power. Evolve ...

Bloomberg Royal Dutch Shell Plc will cut as many as 9,000 jobs as crude’s crash forces billions of dollars in cost savings and the oil and gas giant overhauls its business to embrace clean energy. The move reflects the challenge facing Big Oil as the virus pandemic persists, with some in the industry believing the era of demand growth is ...