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United Kingdom

Octopus ‘Asks for £1BN Government Support to Seal Bulb Takeover Deal’

The energy supplier is reportedly keen on paying up to £200 million to take on Bulb’s 1.6 million customers.

Wave Energy

The Wave Power Generator Experts Say ‘Proves Ocean Energy Can Work’ Is Already Powering Australian Homes

For the first time in Australia's history, a wave energy converter trial has successfully generated energy from the chaotic and wild ocean waves to power homes.…

OPEC

OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement

OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday.

Oil Field

Green Light From TotalEnergies for Oil Project off Angola

France-headquartered energy giant TotalEnergies has taken a final investment decision (FID) to develop an oil development project located offshore Angola.

Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom

Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…

Energy Investment

Adnoc Distribution to Buy 50% Stake in TotalEnergies Egypt in Its Largest Investment

The acquisition, expected to be completed in the first quarter of 2023, marks the UAE company's entry into Arab world's most populous market

Shell Reports Record Profit of $11.5 Billion

Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.

LNG

US Takes Over as World’s Largest LNG Exporter

LNG exports increased by 12% in the first half of 2022, averaging 11.2 billion cubic feet per day, compared with the second half of 2021

Solar Power Panel

First Solar Receives 500 MW Order From Akuo

First Solar has announced that Akuo, a Paris-headquartered independent global renewable energy producer and developer, has placed an order for 500 MWDC of respo…

Rooftop PV System

Ferrari Revs up Renewables With Solar on Roof of Headquarters

Ferrari has announced that its new solar photovoltaic system to be built on the roofs of its Maranello factory buildings is officially underway.

Australia

Australia’s Westpac to Slash Lending to Coal, Oil Companies by 2030

Australia's Westpac Banking Corp unveiled its plans on Wednesday to reduce lending to coal, oil and gas companies by nearly a quarter by 2030, joining its peers…

Energy Storage Battery

Equinor Buys US Battery Storage Developer East Point Energy

Headquartered in Charlottesville, Virginia, the company has a 4.1GW pipeline of early to mid-stage battery storage projects focused on the US East Coast

Wave Energy

First Composite Hull for Corpower’s Wave Energy Converter

CorPower Ocean has teamed up with composite machinery specialist Autonational and composite tank firm CPT Tankwell to develop its first commercial-scale hull in…

Siemens Energy Bags DolWin4 and BorWin4 Grid Connection Contracts

European TSO Amprion Offshore GmbH has commissioned Siemens Energy to supply the necessary technology for the converter stations of the DolWin4 and BorWin4 grid…

Siemens Energy, Dragados Offshore Land Orders for North Sea Offshore Links

Siemens Energy AG and Dragados Offshore have been selected to build the converter stations at sea for the DolWin4 and BorWin4 offshore grid connections in the N…