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Natural Gas
Factbox: How Is Germany Replacing Russian Gas?
Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows fro…
Oil Price
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…
Natural Gas
Uniper Shuts Down 50% Of Headquarters to Save Gas
German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.
Hydrogen Project
Germany Is the Site of the World’s Largest Green Hydrogen Project
Fortescue Future Industries and Tree Energy Solutions have agreed to develop the world’s largest green hydrogen integrated project "to help Europe mitigate its…
Natural Gas
German Government May Have to Inject Another $39 Billion in Energy Giant Uniper
The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.
Natural Gas
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding tha…
Oil&Gas Drilling
Liz Truss Resigns, Becomes the Shortest Serving Prime Minister in History
New UK PM Liz Truss, the former oil economist for Shell, tendered her resignation on Thursday, just days after putting forward a budget that wreaked havoc in th…
Oil Field
Baker Hughes Sees Bright 2023 for U.S. Oil
Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.
European Renewable PPA Prices up 51% In Third Quarter
Solar PPA prices rose almost twice as much as wind prices, new report suggests.
Coal Price
Whitehaven Coal Output Slumps 23% As Floods Sweep New South Wales
Whitehaven Coal said on Wednesday its first-quarter production dropped by almost a fourth as severe floods in New South Wales locked it out of its key Maules Cr…
Oilfield Services Giants Are Primed to Post Very Strong Earnings
The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…
Solar Power Plant
A Quarter of Europe’s Solar and Battery Manufacturing Capacity Is at Risk
Soaring energy prices are threatening Europe’s renewable supply chain.
Oil Field
Norway’s Equinor Considers Buying Chinese North Sea Oilfields
Reuters reported on Monday that Norway's Equinor ASA is considering buying oilfields in the British North Sea from China's CNOOC Ltd.
Natural Gas
France Sends Germany Natural Gas to Ease Its Energy Crisis
On Thursday, France started sending natural gas directly to Germany in an attempt to alleviate the energy crisis in Europe’s biggest economy.
Spain
Spain to Pull out of Treaty Protecting Energy Investments
Spain has started the process of withdrawing from the Energy Charter Treaty, a European treaty protecting energy investments.
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