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Octopus to Take Over Collapsed Supplier Bulb
Octopus will take on Bulb’s 1.5 million customers.
Energy Storage Battery
Masdar Taps UK Storage Market With Arlington Acquisition
Abu Dhabi-based clean energy company Masdar has acquired UK-based battery energy storage system (BESS) developer Arlington Energy in an effort to expand its pre…
Australia
Australian Energy Minister Does Not Rule Out Price Caps
Australia's Energy Minister Chris Bowen said on Friday the country could not rule out energy price caps, as it deals with rising fuel costs.
Europe’s Energy Crisis Heaps Pain on Heavy Industry
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…
Natural Gas
EU Leaders to Keep Studying Gas Price Caps
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early ho…
Tidal Energy
UK’s HydroWing Taps Tidal Energy Potential in Indonesia
UK-based tidal energy developer HydroWing has signed a Memorandum of Understanding (MoU) with state-owned company Indonesia Power to develop tidal energy projec…
Natural Gas
EU Leaders Set to Explore Gas Price Cap Options
European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks.
OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Smart Grid
Iberdrola Taps EIB for €220M Smart Grid Development
The European Investment Bank (EIB) and Iberdrola have agreed to increase the green loan signed in 2021 with a top up of €220 million ($215 million) to strength…
Oil Giant Shell Snaps up African Solar Provider Daystar Power
Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.
Oil Price
Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in …
Natural Gas
Germany Considers Price Caps as Energy Crisis Worsens
Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices.
Natural Gas
Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project
Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in…
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…
Natural Gas
Russia to Close Nord Stream 1 Taps for Three Days
Gazprom has said the gas supply will be ceased due to a “three-day servicing” in a “preventive maintenance period”
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