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Oil & Gas Supply
Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports
Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay…
Hydrogen Production
South Korean Companies To Build $1 Billion Green Hydrogen Plant in UAE
Three South Korean companies have signed an agreement to build a $1 billion green hydrogen and ammonia production plant in the United Arab Emirates.
Solar Power Panel
World’s Solar Panel Leader Comes Down to a 28-Millimeter Fight
Two Chinese solar giants are in a tussle over technology standards that hinges on a mere 28 millimeters, with the outcome set to determine which company has an …
United Kingdom
Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion thro…
LNG
Shell Greenlights $2.5 Bln Crux Gas Project off Australia
Shell Plc said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion.
Net Zero Emission
Vanguard Commits $290 Bln of Assets to Be Net-Zero by 2050
Vanguard, the world's second-biggest asset manager, said it expects nine funds managing $290 billion to reach the world's climate goal by 2050 and be at least h…
Clean Energy Transition
S.africa Needs $250 Bln Over Three Decades for Clean Energy Transition - Report
Moving South Africa's coal-dominated economy onto a greener footing will require at least $250 billion over the next three decades, a report released on the sid…
Oil Price
UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge
Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for househol…
Hydrogen Project
Iberdrola Boss Pledges €3BN to Fuel Europe’s Green Hydrogen Economy
Ignacio Galán, chairman of Spanish energy giant Iberdrola, has announced at the World Economic Forum in Davos that the company will invest €3 billion ($3.2 bi…
Net Zero Emission
Elon Musk, Alphabet, & Joe Biden (USA) Just a Few Investing Billions Into Carbon Removal
As the world shifts toward clean energy in its automobiles and its energy generation tactics, experts say there’s still a lot of work to do to ensure global te…
United Kingdom
UK Energy Price Cap Expected to Rise by 42% In October
Billpayers in the UK have seen the energy tariffs rise faster than ever before.
Natural Gas
Could Hydrogen Ease Germany’s Reliance on Russian Gas?
The war in Ukraine has upended Germany's energy policy. The nation currently buys around 25% of its oil and 40% of its gas from Russia, contributing billions of…
Nuclear Power Plant
EDF Revises up Cost of Nuclear Power Plant Outages
The French nuclear power operator EDF says that the programme of inspections and repairs related to the stress corrosion issue means it has increased the hit it…
LNG
EU Unveils 210 Bln Euro Plan to Ditch Russian Fossil Fuels
The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away …
Hydrogen Project
Rystad Energy: Egypt Invests in Green Hydrogen Economy
COP27 host Egypt has committed US$40 billion to green hydrogen economy to attract foreign investment.
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