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France

French Power Group EDF Issues New Profit Warning

EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…

Electric Vehicle Battery

Eramet Examining Doubling of Lithium Capacity in Argentina

Eramet is studying potential to double a production target for its lithium project in Argentina as it responds to growing demand for minerals used in electric v…

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

High Energy Prices Force the World’s Largest Chemicals Company to Downsize

The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…

Hydrogen Project

ACWA Power and Industrial Development Corporation of South Africa (IDC) Set to Explore Green Hydrogen Projects in South Africa

Agreement intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at $10 billion.

SMR

NuScale and Prodigy Advance SMR Marine Facility Design

NuScale Power and Prodigy Clean Energy have announced a new concept design for a transportable and marine-based small modular reactor (SMR) power generating fac…

Net Zero Emission

Emissions Reductions Pledges ‘Nowhere Near’ What’s Needed, Un Says

The analysis comes ahead of next month’s COP27 climate change summit in Sharm el-Sheikh, Egypt.

Energy Transition

Malaysia’s TNB to Develop 2,100MW Combined Cycle Power Plant

This is scheduled to be in operation in 2031.

Rolls-Royce Releases MTU Engines for Use With Sustainable Fuels

Rolls-Royce has approved mtu engines for use with sustainable fuels, a move expected to help make the company’s construction, industrial, agricultural and mini…

NASA Instrument Detects Dozens of Methane Super-Emitters From Space

An orbital NASA instrument designed mainly to advance studies of airborne dust and its effects on climate change has proven adept at another key Earth-science f…

Europe’s Energy Crisis Heaps Pain on Heavy Industry

Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…

Blue Hydrogen Market Revenue to Reach US$4.5 BN by 2030

The market growth is driven by the rising popularity of this technology worldwide. Lately, several global industries and regulatory organisations have begun to …

Hydrogen Project

Hydrogen to Deliver More Than $8.7BN Annually to the UAE Economy – Report

Opportunities are driving multibillion-dollar investments individually and jointly, through bilateral agreements such as the strategic partnership between bp, A…

Carbon Emissions

Apple Announces New Clean Energy Investments, Asks Suppliers to Decarbonize

Apple Inc said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations rela…

Nuclear Technology

Canada Commits C$970 Million to New Nuclear Power Technology

Canada will provide C$970 million ($708 million) in financing to develop a grid-scale small modular reactor (SMR), a new nuclear technology touted as a key part…