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Energy Investment
North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet
North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…
Natural Gas
Netherlands Proposes EU Gas Price Cap for State-Backed Buyers - Document
The Netherlands has weighed into the European Union's debate on whether to cap gas prices with an alternative proposal that would cap gas prices but only for go…
Nuclear Power Plant
Is the UK Plotting Budget Cuts to Boost Its Nuclear Power Dreams?
The Treasury is reportedly reviewing the government spending on projects such as roads, rail and schools.
Crude Oil
Price Cap on Russian Oil Comes Into Effect
The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…
Oil Refinery
Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo
Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…
Energy Storage Battery
Major Energy Players Seal Big Deals for Renewables
The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…
Energy Storage Battery
China May Need 4,300GW Storage Capacity by 2050: Report
This is to help back up renewables’ intermittency.
Crude Oil
Nigeria to End Imports of Petroleum Products in 2023
Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…
Natural Gas
Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion
Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on We…
Nigeria
Nigeria Aims to End Imports of Petroleum Products Next Year
Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.
United States
U.S. Senators Introduce Bill to Expand E15 Gasoline Sales, with Support from Oil Group
U.S. senators from Nebraska and Minnesota introduced legislation on Tuesday that would expand nationwide sales of E15.
LNG
Europe to Raise LNG Import Capacity Significantly Through 2024
The EU and the UK are expected to raise their combined LNG import capacity by 34%, or by 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021.
LNG
QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany
QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2…
Energy Storage Battery
Research Team Reports Breakthrough in Metal Gas Batteries
Hong Kong researchers have discovered a new way to boost metal carbon dioxide battery capacity.
Oil Refinery
Italy Set to Nationalise Lukoil Refinery - Paper
Italy's government is set to nationalise the Lukoil-owned ISAB refinery in Sicily and will ask the cabinet to decide on the matter at a meeting scheduled on Thu…
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