Eu

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…

LNG

Potential Curb on Australian LNG Exports Is Another Blow to Asia-Pacific Gas Markets

Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restric…

Net Zero Emission

Europe to Install 45 Million Heat Pumps in the Residential Sector by 2030

Norway and Italy frontrunners, but UK falls behind in heat power decarbonisation

European Consumers Want More Renewable Power to Ease Climate and Affordability Concerns

New research commissioned by Statkraft found that three quarters of the 18,000+ respondents say they’re worried about the negative effects of climate change, …

Nuclear Power Plant

Nuclear Power Production Curtailed in France, Worsening Europe’s Energy Crisis

High temperatures in river water are reportedly forcing Electricite de France SA (EDF) to cut power generation at some of its nuclear plants.

Nuclear Power Plant

Europe’s Largest Nuclear Power Station Is “Out of Control”, Says Un Nuclear Chief

IAEA’s Director-General said every principle of nuclear safety has been violated at the Zaporizhzhya Nuclear Power Plant.

Carbon Neutral

Australian Pension Fund Dumps $133 Mln in Oil, Gas Stakes in Carbon Neutral Push

Australian pension fund NGS Super on Thursday said it had sold all its holdings in oil and gas companies, worth A$191 million ($133 million), in a drive to achi…

EU

EU Approves 3-Billion-Euro German Green Heating Scheme

The European Commission said on Tuesday it had approved the German government's 3-billion-euro scheme to support renewable energy and waste heat-based district …

EU

Europe Urged to Clamp Down on Growing Greenhouse Gases Black Market

Illegal hydrofluorocarbons smuggled into the EU amount to nearly 30% of the legal trade, according to the Environmental Investigation Agency

Energy Investment

EU Backs Cleantech Innovators With €1.8BN Investment

A total of 17 projects will share the funding to bring ‘breakthrough technologies’ to the market in energy-intensive industries

Natural Gas

EU Gas Dependence on Russia Falls by 50%

EU countries have made headway in buying more pipeline gas from Norway, Algeria and Azerbaijan.

Oil Price

Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices

Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…

Crude Oil

As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production

Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…

Carbon Neutral

A Japanese Project Demonstrates a Carbon Neutrality Pathway for Coal Power

Osaki CoolGen Corp.’s complex three-phase demonstration project in Hiroshima Prefecture seeks to achieve highly efficient coal-fired power generation with near…

Wind Farm

Masdar, CPPIB Among Those Seeking Stake in Iberdrola’s 1.4 Billion-Euro German Wind Farm

Abu Dhabi's Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola's German offshore wind farm in a de…