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LNG
EU Energy Ministers Discuss Ukraine Energy Crisis, Russian LNG
EU energy ministers met in Luxembourg on Tuesday to discuss the bloc's rising Russian LNG imports, Ukraine's energy shortages ahead of winter and how to…
Oil & Gas Trade
BP Profit Slides by 40% as Refinery Outage Offsets Higher Output
BP's (BP.L), opens new tab first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage off…
Photovoltaic (PV)
EDPR Starts Production of Two New Photovoltaic Projects in the Netherlands With More Than 25 MWp
By commissioning these photovoltaic projects, EDPR is progressing in its strategy of electrification through renewables and contributing to value creation by re…
Offshore Wind Power
Rising Costs Pose Challenges for UK Wind Energy Sector
The wind energy sector in the UK is facing significant challenges due to inflation and fluctuations in energy prices. These issues are affecting the feasibility…
Oil Price
Shell's Profits Tumble 56% To $5 Bln as Energy Prices Cool
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, …
Coal-Fired Power Plants
Staggering the Shutdown of Eraring Power Station Would Lower Impact on Energy Costs
New modelling from Cornwall Insight Australia reveals that a staggered retirement of the Eraring power station would reduce the impact on energy prices in New S…
United States
The US Has a Notable Green Hydrogen Advantage Over Europe
The EU struggles with high energy prices that can’t compete with subsidies in the United States.Green hydrogen has a great deal of appeal, and while the E…
Oil & Gas Trade
BP Posts Record Profit and Raises Dividend on Oil Price Boost
Fuel prices at a BP filling station in Liverpool. BP will invest up to $1 billion a year in 'high quality' oil and gas projects. PAOil company BP has po…
World Energy Outlook
Ørsted expects EBITDA excluding new partnership agreements of DKK 21.1 billion for 2022
Ørsted presents operating profit (EBITDA) for 2022 based on preliminary and unaudited reporting.It has been a year with unusual market conditions, not le…
Wind Farm
Delays to Onshore Wind Investment Increase Long-Term Power Prices in Ireland
Data from Cornwall Insight Ireland’s fourth - ‘All-Island Power Market Outlook to 2030’ – has forecast that energy prices will not retur…
Electricity Trade
Drop In Wholesale Energy Prices Sees Price Cap Predictions Fall Below the Energy Price Guarantee for Second Half of 2023
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bills for a typical household are predicted to be be…
Oil & Gas Trade
Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers f…
Electricity Transmission
UK to Extend Its Energy Price Support Scheme to Non-domestic Customers
The sun sets behind an electricity pylon, as fog develops, near Petersfield, Britain, December 1, 2022. REUTERS/Toby MelvilleDec 29 (Reuters) - The UK will exte…
Italy
New Italian Government’s Budget to Boost Spending to Fight Energy Crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…
Oil Price
Iraq Wants Stable Energy Prices, Prime Minister Says
Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.
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