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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

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…

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…

Energy Storage Battery

Masdar Acquires UK-Based Bess Developer, Arlington Energy

UAE-based renewable energy giant says acquisition will allow it to expand its UK and European presence and support net-zero objectives of other countries.

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…

Guyana

Exxon Makes More Oil and Gas Discoveries Offshore Guyana

U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…

Net Zero Emission

Saudi Aramco Unveils $1.5BN Sustainability Fund

It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.

Energy Transition

TotalEnergies Buys Stake in Brazilian Renewables JV

TotalEnergies and Brazillian developer Casa dos Ventos (CDV) have created JV to jointly develop, build and operate the latter's 12GW renewables portfolio.

Iberdrola Renewables Investment Rises

Iberdrola invested almost €8bn globally in the first nine months of 2022, an increase of 14%, with 90% of funding allocated to renewables and smart grids.

CCS

Babcock & Wilcox to Test Carbon Capture for Waste Coal and Biomass Project

US-based energy services company Babcock & Wilcox (B&W) was awarded a contract to study its carbon capture solution at a waste coal and biomass plant currently …

Energy Transition

Google and C40 Cities Launch Carbon-Free Energy Pilot

A new programme has been announced by Google and C40, a global network of mayors taking action to confront the climate and energy crisis, to explore and integra…

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…

United States

Electrical Generation by US Renewables Grew by 17%

Electrical generation by wind increased by 22%, according to a report.

Hydrogen Project

UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station

The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.