Nda

Natural Gas

German Energy Market Would Collapse Without Gas Levy - Habeck

Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …

Norway

Norway Is Right to Preserve Hydropower Water Supply -German Chancellor

Norway is right to preserve water in its hydroelectric dams in order to secure the country's power supply, German Chancellor Olaf Scholz said while on a visit t…

Electric Car

U.S. States Urge Postal Service to Halt Gas Vehicle Purchases

A group of 17 state attorneys general urged the U.S. Postal Service (USPS) to halt planned purchases of gasoline-powered delivery vehicles pending a new environ…

Natural Gas

Heatwave Sends European Gas Prices Higher

Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 per MWh on Monday.

United States

Bayer Launches Sustainable AG Hub to Connect U.S. Farmers, Food and Fuel Makers

Agricultural seeds and chemicals maker Bayer AG on Monday launched a digital farming platform that it says will help U.S. growers enact environmentally friendly…

Nuclear Technology

South Korea’s SK Invests $250 Mln in Bill Gates’ Terrapower for Nuclear Power Tech

South Korea's SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops smal…

Geothermal Power Plant

New Zealand’s Contact Energy to Reinforce Renewable Energy Generation With $193 Million Investment

New Zealand's Contact Energy said on Monday it would spend NZ$300 million to build a 51.4 megawatt geothermal power unit near its Te Huka power station in Taupo…

Natural Gas

German Finance Minister Writes to Brussels Over VAT Exemption for Gas Levy

German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limit…

Natural Gas

Germany Reaches 75% Gas Stocks Target Ahead of Schedule

German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on …

Crude Oil

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…

Oil&Gas Drilling

Shell: UK North Sea Needs Investments in New Oil and Gas Projects

The UK North Sea oil and gas sector needs more investments in new developments as Britain will need domestic fossil fuel resources, Shell’s UK head of upstream…

Iran

Iran Nuclear Talks End With ‘Final Text’, No Agreement

Talks to revive the 2015 nuclear deal with Iran ended in Vienna on Monday, with a final draft that, if agreed upon by all parties, will see a restoration of th…

CCS

Oil Major BP Drilling Appraisal Well in Texas for Carbon Sequestration

Oil major BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

Hydrogen Project

The Utility of Pipelines in Europe’s Unfolding Hydrogen Strategy

By virtue of its geographic position, significant sunny days and abundant wind, Greece is being seen as the new hub for hydrogen in Europe.

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…