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Microsoft Climate Innovation Fund, Bank of America Among Funders of Africa Mini-Grid Push

Crossboundary Energy Access, an investment platform which is project financing solar-powered mini-grid projects in rural Africa, has secured US$50 million fundi…

Oil Price

Oil Rises on Market Caution Over Tight Supply

Oil prices rose 1% on Tuesday, clawing back more of last week's losses as investors focused on tight supplies of crude and fuel products rather than concerns ab…

Brazil

Brazil Government Eyes Windfall Tax on Oil Firms, but Guedes Opposed

Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry.

Coal-Fired Power Plants

Europe May Shift Back to Coal as Russia Turns Down Gas Flows

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that t…

Offshore Wind Power

Vattenfall Invests in Two Offshore Wind Projects Outside Gothenburg

​Vattenfall is buying the majority share in two offshore wind projects off the coast of Gothenburg from wind power company Zephyr.

LNG

‘Green Energy World Will Be Cheaper’ Rwe CEO Says as Germany Faces Gas Crunch

Economics minister Habeck announces measure to save gas and avoid rationing in coming winter that include longer use of coal power plants.

Hydrogen Project

NextEra Unveils ‘Mad’ Plan to Develop 16GW of Hydrogen Power Stations in Florida

Experts puzzled by proposal from owner of Florida utility to convert its fleet of baseload natural gas-fired power stations to run on green hydrogen by 2045.

CCS

Oil Players Join Forces to Develop ‘One of the Largest CCS Facilities in the North Sea’

In pursuit of its strategy to go beyond net-zero, oil and gas company Neptune Energy has teamed up with several firms to pool resources for the development of a…

Nuclear Power Plant

South Korea’s Multi-Pronged Approach to Boost Nuclear Energy

South Korea’s new president is doing a 180 on nuclear energy in the company.

LNG

Qatar Expands LNG Capacity to Become Europe’s Emergency Gas Supplier

Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project.

Coal-Fired Power Plants

Netherlands to Burn More Coal to Conserve Gas

The Netherlands will ease its current restrictions on coal-fired power plants.

LNG

EU Signs Strategic Partnership With Oil, Gas-Rich Gulf Nations

EU would form a “strategic partnership” with the Gulf Cooperation Council and its Member States “as part of enhancing engagement in the broader region".

Belgium

People Rally in Belgium to Protest Soaring Cost of Fuel, Food

More than 70,000 people rallied in Belgium’s capital Brussels on Monday in a protest against the soaring cost of guel and food.

Natural Gas

Egypt to Supply Natural Gas to Lebanon With 20 Year Old Arab Pipeline

After months of deliberation and delays Lebanon will sign a final agreement to import yearly 650 cubic meters of natural gas from Egypt to its energy poor count…

Ofgem Sets Out Tougher Rules for Energy Suppliers to Protect Customers

Credit balances are used by some firms like an interest free company credit card, Ofgem’s boss has said