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United Kingdom

UK Approves 25% Windfall Tax on Oil and Gas Producers

British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put toward…

LNG

Renewables, Nuclear Could Replace LNG’s Share in Japan’s Energy Mix

LNG’s share in the power mix is expected to fall to 20% from 37%.

On-Site Energy Generation Could Wield Significant Savings for Companies

Research from Cornwall Insight, included in their report - ‘A corporates guide to decarbonising power’ - has demonstrated how on-site energy generation could …

Singapore

Singapore Is 3RD Most Attractive Market for Energy Sector FDI

It posted an index of 72.74%, ranking behind Luxembourg and Hong Kong.

Energy Storage Battery

Iberdrola Switches on Commercial-Scale Battery System in Ireland

Iberdrola has started up Gorman, its first commercial-scale battery system in Ireland.

Energy Storage Battery

Equinor Acquires US Energy Storage Developer

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC.

Calder to Manufacture Ceraphi Energy Geothermal Technology

CeraPhi Energy is making advances with its proprietary closed loop geothermal technology – designed to generate clean thermal energy from deep below the earth …

Offshore Wind Power

UK’s Offshore Wind Target ‘Requires £54Bn Investment’

Britain’s electricity system operator, the ESO has published its flagship report Pathway to 2030 including the Holistic Network Design about what is needed to …

Shell Forecasts Trebling of Refining Profits

Energy major Shell announces indicative refining margin for Q2 of $28.04/bbl which is a sharp increase on $10.23/bbl in Q1.

Carbon Emissions

Vattenfall’s Wind Power Reduces Carbon Footprint

The carbon footprint of Vattenfall’s wind power has now been reduced to 13 grammes per kilowatt hour generated, compared to 15 grammes in 2016, and the reducti…

United Kingdom

WindEurope: UK Announces Results of National Renewables Auction

The UK Department for Business, Energy, and Industrial Strategy has announced the results of the UK’s fourth contract for difference (CfD) auction round (AR4) …

Hydropower Plant

UAE Looks to Add Pumped Hydro to Power Mix: Report

This is in pursuit of its 30% clean energy target by 2030.

Global Hydrogen Trade Needed to Achieve Climate Goal: IRENA

Around 25% of global hydrogen is set for trading by 2050.

Energy Storage Project

Australia Shortlists 12 Grid-Scale Battery Storage Projects for $100M Funding

The projects, which include both new builds and retrofits for existing batteries, have an aggregate capacity of 3.05GW and will be equipped with advanced invert…

LNG

Shell Joins Massive Qatari LNG Project

North Field East expansion is branded the world’s largest LNG project