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Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project
Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…
Oil & Gas Supply
Europe’s Efforts to Shield Households From Soaring Energy Costs
Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…
CCS
Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects
Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas prop…
Natural Gas
German Households Will Foot the Bill for New Gas Tax
A new natural gas tax designed to keep importers afloat amid an energy crisis prompted by the war in Ukraine is set to cost German families, who will have to fo…
Nuclear Technology
Bill Gates’ TerraPower Raises $750 Million for Advanced Nuclear Technologies
TerraPower, one of the companies racing to build a small modular reactor (SMR), announced it raised $750 million.
Nuclear Technology
South Korea’s SK Invests $250 Mln in Bill Gates’ Terrapower for Nuclear Power Tech
South Korea's SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops smal…
Oil Exploration
China Heralds Another Major Oil Discovery
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves…
Solar Power Panel
The $369 Billion Promise That Sent Clean Energy Stocks Soaring
For clean energy stocks, the result has been immediate, with solar stocks, in particular, soaring as soon as it became clear that the bill would be passed.
Solar Power Panel
Canadian Solar Plans US$9 Billion Polysilicon, Cell and Module Factory in China
Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells…
Nuclear Power Plant
French Nuclear Giant Sues Government for $8 Billion
French nuclear giant EDF, forced to sell power to competitors below market value, is now suing the French government for over $8 billion in compensation.
Offshore Wind Power
Vietnam Needs $8 Bln-$14 Bln Power Investment a Year Through 2030 - Minister
Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry m…
Carbon Emissions
California’s Forest Carbon Buffer Pool Found to be Severely Undercapitalized
Researchers have found that California's forest carbon buffer pool, designed to ensure the durability of the state's multi-billion-dollar carbon offset program,…
Carbon Emissions
U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more…
Oil Price
Energy Bills Are Set to Soar in the UK
As natural gas prices continue to surge, the average energy bill in the UK is set to soar to nearly £4,000 a year ($4800 USD) in January.
Solar Power Plant
Bill Gates’ Breakthrough Energy Ventures Invests in Automated Solar Construction Company Terabase Energy
US-based start-up Terabase Energy has secured US$44 million in a Series B fundraising round co-led by Bill Gates’ Breakthrough Energy Ventures and venture capi…
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