Energy economy

United Kingdom
New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis
Sunak faces a set of unique challenges including a cost-of-living crisis and an energy crisis.
Wind Farm
Ørsted to Sell 50% Stake in US Renewables Portfolio
Global wind project developer Ørsted has announced that it is selling a 50% ownership stake in a US portfolio to the investment group Energy Capital Partners. …
Paris Climate Agreement
‘Oil and Gas Investments Could Finance Renewables Needed for 1.5°C’
The Paris Agreement could be achieved if money intended for new oil and gas fields was redirected into wind and solar, a study claims.
Energy Transition
S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources
South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations ha…
Net Zero Emission
U.S. EPA Begins Work to Set up $27 Bln Green Bank
The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …
Oil Field
UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields
Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lende…
Natural Gas
German Government May Have to Inject Another $39 Billion in Energy Giant Uniper
The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.
Oil Refinery
Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal
Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.
Italy
Octopus Energy Announces 1.1 GW Renewable Venture in Italy
Octopus Energy Generation has continued its expansion plans into Europe, deepening its role in Italy’s green power market.
European Renewable PPA Prices up 51% In Third Quarter
Solar PPA prices rose almost twice as much as wind prices, new report suggests.
Ireland
Ireland to Extend Business Energy Supports to Newly Opened Businesses
Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established…
Oilfield Services Giants Are Primed to Post Very Strong Earnings
The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…
Solar Power Plant
Iberdrola Commits to up to €3BN in Investment in Australia
The Spanish renewable energy giant aims to further consolidate its position in Australia, which presents a key energy market for the company.
Oil Field
Norway’s Equinor Considers Buying Chinese North Sea Oilfields
Reuters reported on Monday that Norway's Equinor ASA is considering buying oilfields in the British North Sea from China's CNOOC Ltd.
20th CPC National Congress
20th CPC National Congress | China’s Stronger Ability to Ensure Energy, Food Security Injects Confidence to World
Nation won’t scale back opening-up efforts or even turn to a ‘self-sufficient economy’: official

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Energy economy

New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis

Ørsted to Sell 50% Stake in US Renewables Portfolio

‘Oil and Gas Investments Could Finance Renewables Needed for 1.5°C’

S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources

U.S. EPA Begins Work to Set up $27 Bln Green Bank

UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields

German Government May Have to Inject Another $39 Billion in Energy Giant Uniper

Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal

Octopus Energy Announces 1.1 GW Renewable Venture in Italy

European Renewable PPA Prices up 51% In Third Quarter

Ireland to Extend Business Energy Supports to Newly Opened Businesses

Oilfield Services Giants Are Primed to Post Very Strong Earnings

Iberdrola Commits to up to €3BN in Investment in Australia

Norway’s Equinor Considers Buying Chinese North Sea Oilfields

20th CPC National Congress | China’s Stronger Ability to Ensure Energy, Food Security Injects Confidence to World