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The com
Crude Oil
Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…
Nuclear Power Plant
Nuclear Power in Europe – Risk Versus Reward
As Europe comes to terms with its overreliance on Russian gas and looks at ways to secure supply for the coming winter, nuclear power, once considered to do mor…
Nuclear waste
Deep Isolation Licenses Disposal Technology to Amentum
Deep Isolation has signed a Memorandum of Agreement with technical and engineering services provider Amentum to cooperate on the commercialisation of Deep Isola…
LNG
Centrica Strikes £7BN LNG Deal
The agreement will allow the company to purchase one million tonnes of LNG every year
bp Criticised for Big Spend on “Green” Social Media Ads
The energy giant has allegedly spent more than £800,000 on social media ads showing the company’s investments in low carbon technologies.
Energy Transition
UK Readies Competition in Onshore Electricity Networks
The competition aims to reduce energy costs and speed up connections.
Gas power plant
Equinor May Postpone Closure of Norwegian Gas-Fired Power Plant
Norway-based energy major Equinor could continue to operate its natural gas-fired Mongstad power plant to support the country’s electricity supply. The company…
Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
Net Zero Emission
Decarbonisation Barred by Energy Sector Challenges – WEF
The transformation of industrial sectors is pivotal to reaching net-zero emissions by 2050, however, decarbonisation is lagging due to the complex nature of cha…
Energy Storage Project
Australia Projects Drive Trebling of Energy Storage Revenues for Neoen
Neoen saw its energy storage revenues triple in the first half of this year, driven by its Victorian Big Battery in Australia, where the company has established…
Urgent Steps Needed to Accelerate Industrial Decarbonisation – WEF
The transformation of industrial sectors is pivotal to reaching net-zero emissions by 2050, however, decarbonisation is lagging due to the complex nature of cha…
Poland
Iberdrola to Expand Its Renewable Capacity in Poland With 98 MW of Wind and Solar Projects
When the new facilities, already under construction, come on stream in 2023, the company will have 261 MW of installed capacity in Poland, a market that has bec…
Smart Grid
DEWA Virtual Power Plant Enhances Smart Grid Der Integration
Dubai Electricity and Water Authority (DEWA) has enhanced integration of distributed energy resources (DERs) in its smart grid through its Virtual Power Plant (…
Electric Car
Tesla Shareholders to Vote on Yet Another Stock Split
Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years.
Germany
EDP Renewables Acquires Solar Development Platform Based in Germany
The company announces it has reached an agreement for the acquisition of a 70% stake in Kronos Solar Projects GmbH.
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