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Energy economy
Energy Sector Employment Exceeds Pre-Pandemic Levels: IEA
It may increase by 6% in 2022.
Smart Grid
Smart Energy Finances: Gridspertise Tech Alliance and Enel Finance’s €1B Sustainability Bond
This week’s iteration of Smart Energy Finances looks to partnerships and sustainability bonds announced under the Enel umbrella.
Germany
Germany to Subsidise Basic Level of Power for Homes, Businesses - Ministry Paper
Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to mea…
Oil & Gas Trade
New UK Prime Minister Opposes Windfall Tax on Energy Companies
UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.
EU
European Utilities Rally as EU Unveils Rescue Plan
Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…
Oil Price
What Will Be Inside UK’s Energy Bill Package for Households and Businesses?
Britain’s new Deputy Prime Minister has confirmed that details of the government’s support will be revealed later this week
Energy Transition
Iberdrola Invests 3,000 Million Euros in Australia to Lead the Energy Transition
The Chairman of Iberdrola has held a meeting with the Premier of the State of Victoria, Daniel Andrews, and the Minister for Energy, Environment, Climate Action…
France
France to Pick New EDF Boss in “Coming Days” - Minister
France will pick the new boss of state-controlled power giant EDF in the next few days, the finance minister said on Tuesday
Energy Transition
Transport Group CMA CGM Launches $1.5 Bln Energy Fund
French transport giant CMA CGM is creating a five-year investment fund of 1.5 billion euros ($1.5 billion) aimed at accelerating its energy transition in shippi…
Russian Federation
Enel CEO Awaits Word on Sale of Russian Unit to Lukoil
Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoi…
Net Zero Emission
Apeiron Bioenergy Closes Equity Investment From Mitsui Chemicals, Poised to Capture Exponential Growth in Bioenergy Market With Pan-Asian Presence
Mitsui Chemicals has invested to support Apeiron's Pan-Asia expansion
Norway’s Equinor Eyes Sale of Stake in Statfjord Field, Presentation Shows
Norway's Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes…
Solar Power Panel
QatarEnergy Awards US$631m EPC Contract for IC Solar Project
Samsung C&T to build two large-scale PV solar plants in Mesaieed and Ras Laffan Industries Cities, as Qatar builds a sustainable future for energy.
United Kingdom
UK Energy Market Regulator Says Shell to Refund Overcharged Customers
Shell Plc's UK consumer gas, electricity and broadband operations business will pay 536,970 pounds ($635,181.81) to customers it has overcharged on its default …
Crude Oil
Four Global Companies Shortlisted for $2BN Petrochemicals Complex in Egypt
Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project
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