Erg

EDF Signs for Additional 2 Billion Euros of Loans

Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …

Crude Oil

UAE Brings Forward Oil Production Capacity Expansion to 2027

The board of Abu Dhabi's ADNOC endorsed plans on Monday to bring forward the company's five million barrel per day oil production capacity expansion to 2027 fro…

Energy Transition

How Southeast Asia Can Futureproof Its Energy Sector

Southeast Asia is experiencing unprecedented fuel price increases and volatility, increasing demand for power, and exposure to the intensifying impacts of clima…

Natural Gas

Mexico's CFE Says to Work with Engie to Expand Pipeline in Yucatan Peninsula

Mexican state power utility CFE has signed an agreement with French energy company Engie to develop terms and requirements to expand the Mayakan gas pipeline in…

Brazil

Brazil's Transition Team Asks Petrobras CEO to Suspend Company's Divestment Plan

Brazil's government-elected transition team asked state-run oil company Petrobras' Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestm…

Denmark

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing inte…

Wind Farm

ACCIONA Energía to Double Australia’s MacIntyre Wind Precinct to 2GW

Infrastructure developer ACCIONA Energía has announced plans to develop the 1000MW Herries Range Wind Farm, an expansion of the MacIntyre Wind Precinct in Quee…

Energy Investment

Canadian Banks Slammed for Continued Fossil Fuel Investments

Canadian banks are receiving backlash from investors for their continued investments in fossil fuels.

Hydrogen Production

ACWA Power, PTT, and EGAT Support Thailand Through Use of Green Hydrogen

ACWA Power, PTT, and EGAT have signed a landmark MoU with a view to embarking on green hydrogen and derivatives projects that meet the Southeast Asia country’s…

Energy Storage Battery

Rolls-Royce to Supply 30MW Battery Solution to Balance Dutch Grid

A large-scale battery storage system from Rolls-Royce – touted to be the largest in the Netherlands – is the latest to help the Dutch grid manage its overflow…

Energy Saving

UK Government Unveils £1bn ECO+ Energy Efficiency Scheme

It will extend support to those who currently do not benefit from any other government support to upgrade their homes, targeting the least energy efficient home…

Italy

Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows

Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…

Offshore Wind Power

China Expected to Be Part of Historic Offshore Wind Power Development

As climate change and energy issues are becoming more of a challenge, the offshore wind power industry has ushered in historic development opportunities.

China

China’s Solar and Wind Power Capacity Continues to Expand

China’s installed capacity of renewable energy has sustained growth momentum since the beginning of this year amid the country’s pursuit of green development.…

Energy Transition

COP27 Climate Summit Missed Chance for Ambition on Fossil Fuels, Critics Say

Fossil fuel producers benefited from sympathetic treatment in Egypt at the COP27 climate talks, government officials said, bringing their influence to bear in r…