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Electricity Transmission

Sun Cable Forms Asia Green Grid Network

This aims to boost partnerships to connect renewable energy in Asia.

Shell More Than Doubles Profits in Third Quarter

The company’s underlying profits reached $9.5 billion in the third quarter.

Natural Gas

Europe’s Gas Use Down in September as High Prices Hit Industry

Europe slashed its gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were …

Net Zero Emission

Baseload Capital Raises US$24 Million to Boost Geothermal

Swedish climate investment fund, Baseload Capital, has raised US$24 million in new financing, corresponding to SEK 250 million.

Electric Car

Ford to Stop Fiesta and Push for EVs

The automaker is bringing an end to the sale of the UK’s most popular car

Wind Farm

UK Wind Farms Smash Electricity Generation Record

Official data shows that wind farms provided more than half of Britain’s electricity on Wednesday.

Energy-Eficient Building

E.ON to Reduce Buildings’ Energy Consumption by 20% As Winter Approaches

German electric utility company E.ON has announced efforts to reduce its energy consumption, which are expected to reduce energy use from its buildings by at le…

EU

EU Gives 80 Mln Euro to N. Macedonia to Tackle Energy Crisis

The European Union pledged 80 million euros to North Macedonia to tackle energy crisis and it will help to build new generating capacities.

LNG

LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed

Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in E…

Nuclear Power Plant

U.S. Developing Domestic Uranium Strategy -Energy Secretary

The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce depend…

France

French Power Group EDF Issues New Profit Warning

EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

Energy Storage Battery

Masdar Acquires UK-Based Bess Developer, Arlington Energy

UAE-based renewable energy giant says acquisition will allow it to expand its UK and European presence and support net-zero objectives of other countries.

Guyana

Exxon Makes More Oil and Gas Discoveries Offshore Guyana

U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…

Net Zero Emission

Saudi Aramco Unveils $1.5BN Sustainability Fund

It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.