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Energy Transition

Coal Companies’ Cash Balance Could Fund Indonesia’s Green Transition

The combined cash balance amounted to $6.8b in the first quarter.

Natural Gas

Australia’s BPH Energy Explores Legal Avenues Over Project Permit

Australia's BPH Energy Ltd said on Tuesday it was conducting a review of options, including potential for legal avenues, after reports said former Prime Ministe…

Wind Farm

Saudi Arabia’s ACWA Power Expands in Uzbekistan

The company seeks to develop gas-to-power, renewable energy, and green hydrogen.

Oil Refinery

Shell Cuts Output at German Refinery as Rhine Is Drying up

The company has cited the “low water level” of Rhine as the reason for its decision

Nuclear Technology

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.

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…