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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting
08-12-2022
High Capital Cost for Renewables to Persist in 2023: Report
But its impact on prices and technology will vary amongst developers.
08-12-2022
TotalEnergies May Buy Green Power From Fortescue in Papua New Guinea -Regulator
Fortescue Future Industries is in talks with TotalEnergies to supply power to the fossil fuel company's Papua LNG project from a series of proposed renewable energy projects that a senior official says recently completed feasibility assessments.
United Arab Emirates
08-12-2022
UAE's ADNOC, Taqa and Mubadala Complete Masdar Stake Deal
Abu Dhabi's National Oil Company [RIC:RIC:ADNOC.UL], Taqa (TAQA.AD) and Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday they would all become shareholders in Masdar, the Emirate's flagship clean energy company.
Natural Gas
08-12-2022
Nearly 30% Of British Gas Customers Still Missing Out on Energy Vouchers
Almost a fifth of SSE and ScottishPower customers said they hadn’t got their October or November voucher, according to a survey
Energy Transition
07-12-2022
Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln
Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people familiar with the deal said on Wednesday.
United Kingdom
07-12-2022
Octopus Energy Takeover of Collapsed UK Rival Bulb Faces Legal Challenge
The British government’s decision to approve collapsed energy supplier Bulb’s acquisition by Octopus Energy faces a legal challenge from rival suppliers in early 2023, after a judge at London’s High Court refused to hear the case next week.
Energy Investment
07-12-2022
Losses May Force Japanese, S. Korean Utilities to Delay Green Investment
South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, forced to reconsider the timing of green investments.
Romania
06-12-2022
MET Group Enters Romanian Renewables Market
Swiss-based European energy company, MET Group, has announced its entry into the Romanian renewables market, with the acquisition of a 100% stake in a solar project currently at a late planning stage.
Energy Investment
06-12-2022
North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet
North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the UK’s leading service operations vessel (SOV) operator and seize new opportunities in Europe.
06-12-2022
Petrofac Selected by Shell for EPS Services on Omani Project
EPS services provider will undertake three contracts including a five-year EPS contract for Shell’s Block-10 Mabrouk Phase 2 Project.
06-12-2022
ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal
Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle East for unconventional oil resources.
05-12-2022
EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market
Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the company to buy back electricity contracts on the intraday market on Monday.
Oil Price
05-12-2022
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity produced by coal, fuel oil, or renewable power generation.
EU
05-12-2022
France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval
The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2030
India
04-12-2022
Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India
Once completed, it is expected to produce 1.163 million MWh of clean energy.
Energy Storage Battery
04-12-2022
Major Energy Players Seal Big Deals for Renewables
The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power generation project portfolios.
Carbon Emissions
30-11-2022
Rio Tinto to Invest $600 Mln More in Renewable Energy Assets
Rio Tinto Ltd plans to invest a further $600 million in renewable energy assets in the iron ore-rich Pilbara region of Western Australia, the miner said on Wednesday, as part of its aim to halve its carbon emissions by 2030.
Natural Gas
30-11-2022
Shell to Acquire Nature Energy
Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sampension to acquire 100% shareholding of Nature Energy Biogas A/S for nearly US$2 billion.
Australia
29-11-2022
Zenith Energy Secures a$440m Debt Financing
It will be used for its new generation projects, amongst others.
29-11-2022
EDF Signs for Additional 2 Billion Euros of Loans
Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space as reduced nuclear output weighs on its books.
Brazil
29-11-2022
Brazil's Transition Team Asks Petrobras CEO to Suspend Company's Divestment Plan
Brazil's government-elected transition team asked state-run oil company Petrobras' Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestment plan.
Denmark
29-11-2022
Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion
Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing interest in biogas.
Energy Investment
28-11-2022
Canadian Banks Slammed for Continued Fossil Fuel Investments
Canadian banks are receiving backlash from investors for their continued investments in fossil fuels.
Japan
28-11-2022
BOJ to Conduct Annual Survey on Climate Finance to Nurture ESG Market
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country's growing climate finance market.
Oil Field
27-11-2022
Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield
China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, the Brazilian state oil firm said in a statement.
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Most views from Energy Economy
1
Offshore Wind Giants Target Australian Tender
2
First Gen Subsidiary Wins Bid for Casecnan Hydropower Plant
3
Totalenergies Potentially Interested in Acquiring Akuo
4
UAE’s Mensha Ventures and China Join Forces to Invest $1BN in GCC Sustainable Projects
5
Verano Energy Continues to Add Projects to Its Growing Portfolio in Latin America With the Purchase of 296 MWP in Colombia
6
Indian Utility Launches 13.8 GW Pumped Storage Tender
