Bill

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

United Kingdom

UK Moves to Cap Revenues of Low-Carbon Energy Producers

Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billion…

Smart Meter

Smart Meters and Heat Pumps to Drive Belgian Domestic Flexibility

Octopus Energy Group’s entech platform Kraken will control domestic assets such as heat pumps, smart meters and other energy tech to automatically reduce bills…

Australia

Australian Tech Billionaire to Chair $20 Billion Solar Power Export Project

Australian software mogul Mike Cannon-Brookes was named chairman of clean energy start-up Sun Cable

Oil&Gas Drilling

‘New North Sea Oil and Gas Projects at Odds with UK Climate Goals’

New oil and gas fields cannot alleviate the financial pressure caused by rising energy bills, according to a report

Natural Gas

UK Energy Bills Rise to Record High as Fuel Poverty Fears Grow

Gas prices will go from 7p to 10p per kilowatt hour under new guarantee

Natural Gas

Europe's Crisis Measures to Tackle Energy Price Spike

European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…

Natural Gas

German Gas Price Brake to Cost Between 15 Bln and 24 Bln Euros

A brake on gas prices currently being discussed by the German government could cost between 15 billion and 24 billion euros, depending on market price developme…

Oil Pipeline

Canada’s Enbridge to Sell Oil Pipelines Stake to Indigenous Groups for C$1.12 Bln

Canada's Enbridge Inc will sell a C$1.12 billion minority stake in seven Alberta oil pipelines to a group of Indigenous communities, in North America's largest …

Solar Mini Grids Could Power Half a Billion People by 2030, World Bank Says

Providing electricity to 490 million people will require constructing more than 217,000 mini grids at a cost of $127bn

Net Zero Emission

Australian State Unveils $40 Bln Clean Energy Plan to Slash Reliance on Coal

One of Australia's top coal-producing states said it will convert its coal-fired power plants to renewable hubs by 2035 under a A$62 billion clean energy plan u…

France

French Grid Operator RTE to Return More Than 1 Bln Euros to Clients

France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this …

EU

EU Countries Eye Delay to Levy on Fossil Fuel Windfall Profits - Document

European Union countries are considering an option to delay by a year a levy on the windfall profits of fossil fuel companies, as they hunt for a deal on emerge…

Oil Price

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol

The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…

Hydrogen Project

EU Approves up to $5.2 Billion in Public Funding for Hydrogen Projects

Hydrogen has a diverse range of applications and can be deployed in a wide range of industries.