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Business
Nuclear Power Plant
New Nuclear Power Stations May Increase Energy Bills, Says Business Secretary
Kwasi Kwarteng however, has said in the “medium-term” new nuclear would give the UK “cheaper power”.
Nuclear Reactor
Nuclear Power Remains Key Sector for MHI
There is renewed interest in nuclear power from a decarbonisation and energy security perspective, Mitsubishi Heavy Industries (MHI) said while announcing progr…
Crude Oil
Shell Agrees to Sell its Russian Petrol Stations
LUKOIL will buy Shell’s Russian retail and lubricants businesses
Geothermal Power Plant
US DOE Aims to Provide $13 Million for Community Geothermal Projects
Heating and cooling represent significant energy needs for American homes and businesses, and contribute to greenhouse gas emissions through the direct use of f…
Hydrogen Production
Bosch Invests €500 Million to Develop Hydrogen Electrolyzers
Germany’s Bosch wants to focus on green hydrogen production in Europe as a new dedicated business area. It said it will draw on its fuel cell expertise to buil…
Oil & Gas Trade
Shell’s Profit Soars on Higher Oil and Gas Prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…
‘Energy Efficiency is Good for Business’ – ABB
A survey commissioned by ABB shows that 54% of companies are already investing in energy efficiency and 90% will increase spend over the next five years.
United Kingdom
UK Asks North Sea Oil and Gas Sector to Set out Plan to Reinvest Profits
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy…
Russian Federation
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil plans to shut down all its businesses in Russia by June 24.
Electric Car
Gridserve’s Compact Electric Forecourt to Transform Norwich’s EV Charging
Gridserve, a tech-enabled sustainable business that runs the Gridserve electric highway, has opened the first compact electric forecourt in Norwich, England, UK…
Crude Oil
German Industry Fears Immediate Russian Gas Ban
As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition.
LNG
Japan's JERA Weighs Expanding LNG Business to China
Japanese energy group JERA, one of the world's biggest importers of liquefied natural gas, has taken a step toward a possible expansion of its LNG business to C…
Rooftop PV System
Centrica and Push Energy Advance UK’s Grid-Scale Solar Pipeline
Energy solutions firm Centrica Business Solutions has signed an agreement with renewable energy developer Push Energy, to build a pipeline of solar farm project…
CCS
World’s Biggest Carbon Capture Project: Shute Creek’s “Sell or Vent” Business Model Isn’t Working
Delving into the world’s largest carbon capture project, ExxonMobil’s Shute Creek CCUS facility, reveals a highly questionable technology.
Hydrogen Project
Kent and CGG Join for Carbon Capture and Hydrogen Projects
Oil and gas company Kent and technology business CGG have joined forces to develop carbon capture and hydrogen technologies.
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