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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.

Natural Gas

European Gas Consumption Is 24% Below the Five-Year Average

Europe’s natural gas demand in November fell by nearly a quarter compared to the five-year average for the month.

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…

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…

Electric Car

UK Approves $26.6 Billion Power Grid Investment to Expand Renewable Capacity

Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make t…

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.

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…

Offshore Wind Power

UK Government Moves to Defuse Parliamentary Row over Onshore Wind

Britain's government sought on Monday to defuse a simmering row over a push by some Conservative lawmakers to make it easier to build onshore wind farms by sayi…

Energy Storage Battery

Rolls-Royce to Supply Largest Dutch Battery Storage System

A large-scale battery storage system from Rolls-Royce – touted to be the largest in the Netherlands – is the latest to help the Dutch grid manage its overflow…

Nuclear Reactor

EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos

A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion…

Wind Farm

France’s First Commercial-Scale Offshore Wind Farm Starts Full Operations

France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is s…

Germany

German Finance Ministry Wants 33% Windfall Tax on Energy Firms - Die Welt

Germany's finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesda…

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.

Crude Oil

Colombia Reportedly Reconsidering Its Idea to Halt on New Oil and Gas Projects

Colombia could reconsider a campaign pledge from its newly-elected leftist President Gustavo Petro to stop new oil and gas exploration licensing in the country,…