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Construction Begins on £9M Green Energy Hub in Aberdeen
United Kingdom
22-06-2022
UK Government £263MN ‘Tax Calamity’ Warning to Energy Sector
Energy businesses urged to prioritise their compliance to IR35 rules to avoid penalties issued to government warns insurance provider Qdos.
22-06-2022
Latest Ofgem Measures Protect Consumer Credit Balances
Energy regulator Ofgem has announced new measures to improve the financial health of energy suppliers and enable resilience in the face of future energy market shocks.
Energy Investment
22-06-2022
Renewable Energy: Bringing New Wave of Sustainable Energy Investment to Africa
As IWP&DC discovered, there is much to discuss with regards to climate change, water supplies, hydropower potential and investment across Africa.
Brazil
21-06-2022
Brazil Government Eyes Windfall Tax on Oil Firms, but Guedes Opposed
Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry.
Energy Investment
21-06-2022
UK Energy Windfall Tax ‘Undermining Investment'
UK government’s new windfall tax may already be undermining the major investments needed according to Offshore Energies UK.
Belgium
21-06-2022
People Rally in Belgium to Protest Soaring Cost of Fuel, Food
More than 70,000 people rallied in Belgium’s capital Brussels on Monday in a protest against the soaring cost of guel and food.
21-06-2022
Ofgem Sets Out Tougher Rules for Energy Suppliers to Protect Customers
Credit balances are used by some firms like an interest free company credit card, Ofgem’s boss has said
Russian Federation
20-06-2022
Enel Offloads Its Russian Assets for €137M
The company is forecasting a hit of approximately €1.3 billion on net income.
United Kingdom
20-06-2022
UK’s Ofgem Proposes New Rules to Protect Customers Amid Soaring Energy Prices
Britain's energy regulator on Monday proposed new measures to protect consumers' money and prevent energy suppliers from charging high direct debit payments, a move that comes as households struggle to meet soaring energy bills.
Ireland
20-06-2022
Ireland’s Energy Poverty Breaks New Record
The number of fuel poor households surpassed that recorded 28 years ago, according to a report.
19-06-2022
BP Buys 40.5% Stake in Asian Renewable Energy Hub
The multi-billion dollar investment at Pilbara, western Australia, will produce around 1.6mn tonnes of green hydrogen at full capacity.
United States
19-06-2022
U.S. Sustainable Funds Mark Rare Outflow in May
Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursday, a break with years of net new deposits.
United Kingdom
17-06-2022
UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’
The UK spent £5.1 billion on Russian energy imports in the year to April 2022.
Germany
17-06-2022
Germany Pumps €10BN Into Gazprom Germania
The German Government has confirmed it will put the company into long-term administration
Natural Gas
17-06-2022
Ukraine’s Largest Gas Company Secures €300M Loan
The funding will help the company secure gas stocks for the winter.
17-06-2022
$75M Green Basket Bond for Green Projects Across Africa
British International Investment, the UK’s development finance institution, has subscribed to a $75 million Green Basket Bond arranged by Symbiotics, an emerging markets access platform and financial lender.
Energy Transition
16-06-2022
Seven Countries to Share €2.4BN EU Funding to Accelerate Green Transition
It will support measures to reduce emissions in energy, industry and transport in Romania, Czechia, Poland, Lithuania, Hungary, Slovakia and Croatia, as well as support them in meeting their 2030 climate and energy goals
CCS
15-06-2022
DOE Injects $39M R&D Funding Into ‘Buildings as Carbon Storage’ Projects
The US Department of Energy (DOE) has announced $39 million in awards for 18 projects seeking to develop technologies that can transform buildings into net carbon storage structures.
Hydrogen Production
15-06-2022
TotalEnergies to Buy 25% Stake in India’s Adani New Industries in Green Push
French energy major TotalEnergies will buy a 25% stake in Adani New Industries Ltd, as part of a deal with Adani Enterprises Ltd to develop the world's biggest green hydrogen ecosystem.
14-06-2022
TotalEnergies to Splash Out $850 Million on Angola Project
French energy giant TotalEnergies and its partners have made a final investment decision on an $850 million project offshore Angola as part of their plans to further develop the CLOV complex located in Block 17.
Energy Storage Project
14-06-2022
Keppel Infrastructure, Jinko Power Ink Deal to Explore Solar Farm, Energy Storage Investment
Jinko will identify 1,000MW projects in its pipeline that Keppel can invest in.
13-06-2022
Global Power Synergy’s Green Bonds Oversubscribed by 2.3 Times
The bonds are worth THB12b with tenors of 3-15 years.
Spain
10-06-2022
ØRsted Strikes Solar and Onshore Wind Energy Partnerships in Spain
It is participating in the upcoming grid auctions in the country by joining forces with Glide Energy, Rolwind, ARBA Energías Renovables and Ereda
Natural Gas
10-06-2022
Petroecuador Opens Tenders for Offshore Field, Refinery Modernization
Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas field and a contract to modernize the Esmeraldas refinery.
09-06-2022
Which Businesses Are the Worst Hit by Soaring Energy Prices?
Aviation, shipping and chemical industries will be the first to be hit hard by the soaring energy prices.
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