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Oil Price
Goldman Sees Strong Case for Higher Oil Prices Despite Negative Shocks
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent…
Natural Gas
EU Emergency Gas Plan Can Stabilise or Even Lower Prices - German Network Chief
The head of Germany's network regulator welcomed the European Union's gas emergency plan, which came into effect on Tuesday, in comments to the ZDF broadcaster.…
Hydrogen Project
The Utility of Pipelines in Europe’s Unfolding Hydrogen Strategy
By virtue of its geographic position, significant sunny days and abundant wind, Greece is being seen as the new hub for hydrogen in Europe.
Wind Turbine
Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 20…
LNG
Potential Curb on Australian LNG Exports Is Another Blow to Asia-Pacific Gas Markets
Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restric…
Net Zero Emission
Europe to Install 45 Million Heat Pumps in the Residential Sector by 2030
Norway and Italy frontrunners, but UK falls behind in heat power decarbonisation
European Consumers Want More Renewable Power to Ease Climate and Affordability Concerns
New research commissioned by Statkraft found that three quarters of the 18,000+ respondents say they’re worried about the negative effects of climate change, …
Nuclear Power Plant
Nuclear Power Production Curtailed in France, Worsening Europe’s Energy Crisis
High temperatures in river water are reportedly forcing Electricite de France SA (EDF) to cut power generation at some of its nuclear plants.
Nuclear Power Plant
Europe’s Largest Nuclear Power Station Is “Out of Control”, Says Un Nuclear Chief
IAEA’s Director-General said every principle of nuclear safety has been violated at the Zaporizhzhya Nuclear Power Plant.
Carbon Neutral
Australian Pension Fund Dumps $133 Mln in Oil, Gas Stakes in Carbon Neutral Push
Australian pension fund NGS Super on Thursday said it had sold all its holdings in oil and gas companies, worth A$191 million ($133 million), in a drive to achi…
EU
EU Approves 3-Billion-Euro German Green Heating Scheme
The European Commission said on Tuesday it had approved the German government's 3-billion-euro scheme to support renewable energy and waste heat-based district …
EU
Europe Urged to Clamp Down on Growing Greenhouse Gases Black Market
Illegal hydrofluorocarbons smuggled into the EU amount to nearly 30% of the legal trade, according to the Environmental Investigation Agency
Energy Investment
EU Backs Cleantech Innovators With €1.8BN Investment
A total of 17 projects will share the funding to bring ‘breakthrough technologies’ to the market in energy-intensive industries
Natural Gas
EU Gas Dependence on Russia Falls by 50%
EU countries have made headway in buying more pipeline gas from Norway, Algeria and Azerbaijan.
Oil Price
Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…
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