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Business
LNG
U.S. Industrial Gas Producer Air Products Exits Russian Business
U.S. company Air Products and Chemicals, Inc. (APCI), the world's leading provider of technology for processing liquefied natural gas (LNG) and associated equip…
Carbon Pricing
How Companies Can Quantify the Benefits of Carbon Pricing
Fariyal Khanbabi, Dialight CEO, explains how energy businesses can quantify the benefits of carbon pricing and lower emissions for a net zero future
Natural Gas
Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis
Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.
Hydrogen Project
Equinor’s H2H Saltend Selected to Proceed as One of the First Large-Scale Hydrogen Projects in the UK
Department for Business, Energy, and Industrial Strategy (BEIS) announced that Equinor’s Hydrogen to Humber Saltend (H2H Saltend) production facility has been …
Vestas Sells Converters and Controls Business to KK Wind Solutions
Vestas continuously looks for partners that can support its strategic focus on its core business and help scale renewables efficiently in the long-term.
CCS
Oil Major BP Drilling Appraisal Well in Texas for Carbon Sequestration
Oil major BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.
Wind Turbine
Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 20…
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
Natural Gas
UK Investigates Sale of National Grid’s Gas Transmission Business, Report Says
Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid's gas transmission and metering business t…
Energy Investment
Octopus Energy, Nest, and GLIL invest in Hornsea One
Octopus Energy Group’s generation business has worked with Nest to take a stake in the Hornsea One Wind Farm.
Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…
Germany
German Government ‘Likely to Face Legal Challenges to Gas Rationing’
Law experts suggest some German businesses see gas rationing as a “nightmare scenario”
Net Zero Emission
Shanghai Electric Group Launches Low Carbon Business
Shanghai Electric New Energy Development Co. signals Shanghai Electric Group's move into the green, low-carbon business
Hydrogen Project
UK Opens Joint Revenue and Grant Funding Round for Hydrogen
Projects will be able to apply both for grant funding through the GBP 240 million (USD 287m/EUR 282m) Net Zero Hydrogen Fund and revenue support through the Hyd…
Net Zero Emission
New Zealand to Review Industry Support for Emissions Costs
New Zealand will review the provision of free climate pollution credits to local industry in a move to stop over-allocations to some businesses and encourage de…
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