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OPEC Chief Stresses Energy Cooperation With China
Net Zero Emission
07-06-2022
Vital Energi Secures £72.3MN Decarbonisation Funding in UK
NHS trusts and law courts set to benefit from Vital Energi's decarbonisation funding from the UK's Department for Business Energy and Industrial Strategy.
Energy Security
06-06-2022
UK Energy Services Firm Wood Sells Consulting Unit for $1.9BN
Canada-based firm WSP has bought the business.
Energy Investment
06-06-2022
Crypto Power Usage Is Helping to Spur Renewable Energy Investments
Ever since cryptoassets first burst into the mainstream financial conversation there has been an ongoing debate around just how much power and energy are consumed by crypto transactions.
Net Zero Emission
02-06-2022
COVID-19 Slows Progress Towards Global Energy Access, IEA Says
At the current rate of progress, 670 million people will remain without electricity in 2030.
Net Zero Emission
02-06-2022
Australia Beefs up Investments in Bid to Meet Net Zero: Report
It is poised to make a $300m investment in CCUS projects in the next decade.
Nuclear Power Plant
02-06-2022
Westinghouse Acquires Bhi Energy to Form Integrated Outage Business
US-based nuclear technology firm Westinghouse Electric Company has completed its acquisition of energy services provider BHI Energy.
Brazil
01-06-2022
Biomass Beats Wind and Solar in Brazilian Power Bids for First Time in Low-Energy Tender
Just under 1GW of renewable capacity awarded in the South American country’s latest tender, which underlined impact of weak domestic economy and low power demand.
Energy Investment
31-05-2022
Windfall Tax Threatens Oil and Gas Investment in North Sea, Says Shell
The energy giant has said the levy “creates uncertainty”
30-05-2022
AGL Energy Withdraws Demerger Proposal
The company believes it will not receive the required 75% approval threshold.
Energy Security
27-05-2022
Windfall Taxes Are Not the Only Solution to the Energy Crisis
Following the announcement from the Chancellor of the Exchequer that the UK government will be introducing a temporary, targeted energy profits levy, Dan Atzori, Research Partner at Cornwall Insight said:
Energy Investment
27-05-2022
US Government to Invest $38M in Decarbonising National Laboratories
Each of the Department of Energy’s national laboratories houses heavy industrial facilities, energy-intensive data centres, reactors and other unique infrastructure that demands large amounts of continuous power.
Oil Price
27-05-2022
UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge
Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for households struggling to meet soaring energy bills.
Hydrogen Project
26-05-2022
Iberdrola Boss Pledges €3BN to Fuel Europe’s Green Hydrogen Economy
Ignacio Galán, chairman of Spanish energy giant Iberdrola, has announced at the World Economic Forum in Davos that the company will invest €3 billion ($3.2 billion) in green hydrogen to accelerate the European Green Deal.
26-05-2022
Saudi Aramco Shows Interest in Buying Valvoline’s Commercial Unit
Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with the matter told Reuters on Wednesday.
United States
26-05-2022
TotalEnergies to Buy Stake in US Renewables Firm Clearway Energy
TotalEnergies SE said it will acquire a stake in a large US renewables developer, another move by the European energy giant to expand its footprint in the American power sector.
Net Zero Emission
25-05-2022
Elon Musk, Alphabet, & Joe Biden (USA) Just a Few Investing Billions Into Carbon Removal
As the world shifts toward clean energy in its automobiles and its energy generation tactics, experts say there’s still a lot of work to do to ensure global temperatures don’t keep rising.
Clean Energy Transition
25-05-2022
SEA Needs $190B Annual Energy Investments by 2030: IEA
This amount will help the region reach its climate goals.
CCS
24-05-2022
New $3.5BN US Programme to Establish Regional Direct Air Capture Hubs
The programme will support four large-scale hubs that will each consist of a network of CO2 removal projects to help address the impacts of climate change.
Energy Transition
24-05-2022
Eni to Invest €2.5BN in UK’s Energy Sector
The oil and gas producer has said it will boost carbon capture and renewable energy projects.
Norway
24-05-2022
Norwegian Start-up Morrow Batteries Secures €100M Investment
The company will use the proceeds to build the first phase of its battery cell factory in Arendal, Norway.
Norway
24-05-2022
Norway Oil Firm Okea to Initiate Dividend, Buy North Sea Assets
Norwegian independent petroleum firm Okea announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producing North Sea assets from Germany's Wintershall Dea.
Wind Turbine
24-05-2022
No Signs of Near-Term Recovery at Siemens Gamesa - Siemens Energy CEO
Siemens Energy does not yet see signs of a recovery at wind turbine maker Siemens Gamesa, its chief executive said on Monday after launching a bid for minority holdings in the struggling unit.
Energy Security
20-05-2022
EU Unveils €300BN Package to Slash Reliance on Russia’s Energy
The EU Commission President has highlighted the need for a “rapid reduction” in European reliance on Russian oil and gas.
United States
20-05-2022
Small Us Businesses Granted $53M for Clean Energy and Climate Solutions
It will support 259 projects across 38 states that cover security and resilience, renewable energy, energy storage, carbon capture and conversion and fusion energy.
19-05-2022
Siemens Energy Considers Bid for 100% Stake in Siemens Gamesa
German energy company Siemens Energy is considering making a bid to purchase the remaining third of Siemens Gamesa, in an effort to ease the financial and operational woes.
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Xinhua Headlines: Zooming Into Strength, Resilience and Potential of Chinese Economy