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Energy Investment

Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns

North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the …

Saudi Aramco Signs Agreements Worth $11BN With Manufacturers

The move could create 5,000 jobs in Saudi Arabia over the next decade

United Kingdom

UK to Spend £20BN Closing off 2,000 Oil and Gas Wells in Next Decade, Report Says

Offshore Energies UK estimates 200 wells will be decommissioned every year at a cost of £7.8m each

Distributed energy

UAE Issues Law to Regulate Linkage of Renewable Energy Production Units to the Grid

The legislation seeks to contribute to the country’s efforts towards achieving net zero emissions by 2050

United Kingdom

Shell Reviews £25BN UK Investments Plan Because of Windfall Tax

The government recently extended the money raising measure

OPEC

UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister

United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…

Nuclear Fuel

Finland’s Fortum Turns to U.S. In Bid to Replace Russian Nuclear Fuel

Finnish power company Fortum on Tuesday said it was planning to begin buying nuclear fuel from U.S.-based Westinghouse Electric.

Hydrogen Production

Linde Starts Green Hydrogen Production in Greece

Linde, the world's largest industrial gases company, said on Tuesday it has started producing green hydrogen at its facilities in Greece.

Brazil

Brazil’s Incoming Government to Revoke Bolsonaro’s Biodiesel Mandate Decision

Brazil's incoming government will look to revoke a decision to keep the mandatory blend of biodiesel in diesel at 10% until March 31, 2023, a member of the tran…

Hydrogen Project

Air Liquide and Totalenergies to Produce Low-Carbon Hydrogen in France

Industrial gases company Air Liquide and TotalEnergies plan to produce low-carbon hydrogen at the Grandpuits site in France, the pair said on Tuesday, as France…

Electric Vehicle Battery

MIT Advance Paves Way for High-Density Batteries That Handle Stress

The field of battery research is riddled with roadblocks and bottlenecks, but there is one problem that rears its head more than most.

Electric Vehicle Charging

Hybrid Ultracap Battery Promises 72-Second City EV Charging

An electric car that can charge in as little time as it takes to pump a gas vehicle has long been the dream of existing and would-be EV drivers. But what if it …

Simpler, Cheaper Electrical Generator Can Be Made With Store-Bought Tape

With an ability to turn friction into small amounts of electricity, triboelectric generators may one day be used in clothes that turn movement into power, in ba…

EU

R2D2 Project to Improve the Reliability, Resilience and Defence of Europe’s Grid

The R2D2 (Reliability, Resilience and Defence technology for the griD) project has been launched to address the growing number of threats and vulnerabilities th…

Nuclear Power Plant

California’s Last Nuclear Power Plant Gets $1.1BN Lifeline

The US Department of Energy (DOE) said it would conditionally provide California utility Pacific Gas & Electric (PG&E) with a $1.1 billion grant to help prevent…