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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Oil & Gas Trade
08-09-2022
New UK Prime Minister Opposes Windfall Tax on Energy Companies
UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.
EU
08-09-2022
European Utilities Rally as EU Unveils Rescue Plan
Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that a price cap plan will include ways to increase liquidity for energy companies
Oil Price
08-09-2022
What Will Be Inside UK’s Energy Bill Package for Households and Businesses?
Britain’s new Deputy Prime Minister has confirmed that details of the government’s support will be revealed later this week
Energy Transition
07-09-2022
Iberdrola Invests 3,000 Million Euros in Australia to Lead the Energy Transition
The Chairman of Iberdrola has held a meeting with the Premier of the State of Victoria, Daniel Andrews, and the Minister for Energy, Environment, Climate Action and Solar Homes, Lilly D’Ambrosio.
France
06-09-2022
France to Pick New EDF Boss in “Coming Days” - Minister
France will pick the new boss of state-controlled power giant EDF in the next few days, the finance minister said on Tuesday
Energy Transition
04-09-2022
Transport Group CMA CGM Launches $1.5 Bln Energy Fund
French transport giant CMA CGM is creating a five-year investment fund of 1.5 billion euros ($1.5 billion) aimed at accelerating its energy transition in shipping and logistics, it said on Sunday.
Russian Federation
04-09-2022
Enel CEO Awaits Word on Sale of Russian Unit to Lukoil
Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoil had sought the necessary authorisation.
Net Zero Emission
01-09-2022
Apeiron Bioenergy Closes Equity Investment From Mitsui Chemicals, Poised to Capture Exponential Growth in Bioenergy Market With Pan-Asian Presence
Mitsui Chemicals has invested to support Apeiron's Pan-Asia expansion
28-08-2022
Norway’s Equinor Eyes Sale of Stake in Statfjord Field, Presentation Shows
Norway's Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by Reuters showed.
Solar Power Panel
26-08-2022
QatarEnergy Awards US$631m EPC Contract for IC Solar Project
Samsung C&T to build two large-scale PV solar plants in Mesaieed and Ras Laffan Industries Cities, as Qatar builds a sustainable future for energy.
United Kingdom
25-08-2022
UK Energy Market Regulator Says Shell to Refund Overcharged Customers
Shell Plc's UK consumer gas, electricity and broadband operations business will pay 536,970 pounds ($635,181.81) to customers it has overcharged on its default tariffs
Crude Oil
24-08-2022
Four Global Companies Shortlisted for $2BN Petrochemicals Complex in Egypt
Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project
Oil Price
24-08-2022
Energy Bonanza Drives Shareholder Payouts to New Record
Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record quarterly high.
France
24-08-2022
EDF’s Minority Shareholders Scramble to Challenge Nationalisation Price
Minority shareholders in EDF are accelerating their efforts to challenge the price set for the nationalisation of the French energy group, believing the government could lodge its takeover offer with the market regulator imminently.
United States
24-08-2022
Rystad Energy: Inflation Reduction to Boost US Wind and Solar Investments
The Inflation Reduction Act is set to boost installed solar and onshore wind capacity in the US by 40% by 2030, with an extra 155 GW of capacity expected to come online this decade, Rystad Energy research shows.
France
24-08-2022
Iberdrola Responds to Rumours of Terminating French Power Contracts
Energy price hikes have reportedly forced the energy giant to terminate contracts with thousands of its French customers
Natural Gas
23-08-2022
Germany to Slash Tax on Household Energy Bills
VAT on gas has been cut to 7% to help people with soaring energy costs
Oil Price
22-08-2022
Why Buffett’s Berkshire Hathaway Is Seeking to Buy Up to 50% Of Occidental
The conglomerate first made a bet on the Houston-based oil company three years ago
Wind Farm
20-08-2022
Uzbekistan and ACWA Power Sign $1Bn Clean Energy Agreements
Saudi Arabian power company ACWA Power has signed three energy agreements with Uzbekistan’s Ministry of Energy totalling $12 billion.
Solar Power Plant
20-08-2022
ReNew’s US $1Bn ECB Loan for Pan-India Renewables Project
ReNew says 12 international lenders, led by Rabobank, will finance the largest ECB project finance loan in India’s renewable sector, for any single project.
Natural Gas
18-08-2022
Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss
German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could turn a profit again.
United Kingdom
18-08-2022
British Gas and Octopus Energy ‘Back Energy Bill Freeze for Two Years’
The plan will reportedly see the launch of a multi-billion fund to cover the rising cost of the price cap
Energy Investment
17-08-2022
‘Tepid’ Demand for U.S. Sustainable Funds in July, Report Says
Investors deposited $120 million into U.S. sustainable funds last month, a "tepid" amount of inflows that coincided with a broader retreat from mutual funds and ETFs, researcher Morningstar Inc said on Monday.
Natural Gas
16-08-2022
German Energy Market Would Collapse Without Gas Levy - Habeck
Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister Robert Habeck said on Monday.
Nuclear Technology
16-08-2022
Bill Gates’ TerraPower Raises $750 Million for Advanced Nuclear Technologies
TerraPower, one of the companies racing to build a small modular reactor (SMR), announced it raised $750 million.
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Patel Engineering wins Rs 230.7 crore Bhutan hydro project package