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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting
30-10-2022
Octopus to Take Over Collapsed Supplier Bulb
Octopus will take on Bulb’s 1.5 million customers.
29-10-2022
Exxon's Third-Quarter Record Profit Surges on Higher Energy Prices
The Texas-based company posted a net profit of $19.66bn for the three months to September 30.
28-10-2022
Shell More Than Doubles Profits in Third Quarter
The company’s underlying profits reached $9.5 billion in the third quarter.
EU
27-10-2022
EIB Group Supports REPowerEU Plan With €30BN Financing
Package of new, targeted financing is expected to mobilise up to €115bn of new investment by 2027, contributing to ending energy dependency on Russia.
EU
27-10-2022
EU Gives 80 Mln Euro to N. Macedonia to Tackle Energy Crisis
The European Union pledged 80 million euros to North Macedonia to tackle energy crisis and it will help to build new generating capacities.
France
27-10-2022
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion euros reported in September.
LNG
27-10-2022
TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment
TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment.
LNG
27-10-2022
Shell Posts $9.5 Bln Profit, Plans to Boost Dividend
Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs.
27-10-2022
High Energy Prices Force the World’s Largest Chemicals Company to Downsize
The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its competitiveness.
Net Zero Emission
27-10-2022
Saudi Aramco Unveils $1.5BN Sustainability Fund
It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.
Energy Transition
27-10-2022
TotalEnergies Buys Stake in Brazilian Renewables JV
TotalEnergies and Brazillian developer Casa dos Ventos (CDV) have created JV to jointly develop, build and operate the latter's 12GW renewables portfolio.
27-10-2022
Iberdrola Renewables Investment Rises
Iberdrola invested almost €8bn globally in the first nine months of 2022, an increase of 14%, with 90% of funding allocated to renewables and smart grids.
26-10-2022
Europe’s Energy Crisis Heaps Pain on Heavy Industry
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energy and raw material costs will shrink Europe's heavy industry.
26-10-2022
BlackRock Raises $4.5 Bln for Climate-Focused Infrastructure Fund
BlackRock Inc has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects.
Oil Price
25-10-2022
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth lingers at 4.5% year to date.
United Kingdom
25-10-2022
UK North Sea Firm Ithaca Energy Presses Ahead With London Listing
North Sea oil and gas producer Ithaca Energy said on Tuesday it was going ahead with its plans to list in London and was seeking admission of its ordinary to the premium listing segment of the official list of the Financial Conduct Authority.
United Kingdom
25-10-2022
New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis
Sunak faces a set of unique challenges including a cost-of-living crisis and an energy crisis.
Wind Farm
24-10-2022
Ørsted to Sell 50% Stake in US Renewables Portfolio
Global wind project developer Ørsted has announced that it is selling a 50% ownership stake in a US portfolio to the investment group Energy Capital Partners.
Paris Climate Agreement
24-10-2022
‘Oil and Gas Investments Could Finance Renewables Needed for 1.5°C’
The Paris Agreement could be achieved if money intended for new oil and gas fields was redirected into wind and solar, a study claims.
Energy Transition
23-10-2022
S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources
South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations have pledged to the project over the next three to five years.
Net Zero Emission
22-10-2022
U.S. EPA Begins Work to Set up $27 Bln Green Bank
The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities around the United States to deploy low- or zero-emissions projects.
Oil Field
21-10-2022
UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields
Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lenders to push back on funding expansion of the industry.
Natural Gas
21-10-2022
German Government May Have to Inject Another $39 Billion in Energy Giant Uniper
The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.
Oil Refinery
21-10-2022
Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal
Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.
Italy
20-10-2022
Octopus Energy Announces 1.1 GW Renewable Venture in Italy
Octopus Energy Generation has continued its expansion plans into Europe, deepening its role in Italy’s green power market.
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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