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Natural Gas
Uniper Records $12BN Loss in First Half of 2022 Due to Gas Crisis
Uniper has reported a significant net loss in the first half of 2022 due in large part to the underperformance of its gas business.
Natural Gas
Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss
German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…
United Kingdom
British Gas and Octopus Energy ‘Back Energy Bill Freeze for Two Years’
The plan will reportedly see the launch of a multi-billion fund to cover the rising cost of the price cap
Carbon Emissions
EU Greenhouse Gas Emissions on the Rise, but Still Below Pre-pandemic Level
Greenhouse gas emissions across the European Union rose in the first quarter from a year earlier, but remained just below pre-pandemic levels, the bloc's statis…
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…
Wind Farm
Construction Begins on East Anglia Three Offshore Wind Farm
Spanish energy company Iberdrola has started the construction of the 1,400MW East Anglia Three offshore wind farm located off the coast of Norfolk, UK.
Crude Oil
Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…
Sweden
Sweden Overtakes France as Europe’s Biggest Net Power Exporter
Sweden overtook France as the biggest net exporter of power in Europe during the first half of this year.
Germany
Critical Coal Barges at Deadlock as Rhine Is Set to Be “Impassable” by Friday
Shallow water across the river could reportedly mean that energy products remain undelivered.
Vestas Sells Converters and Controls Business to KK Wind Solutions
Vestas continuously looks for partners that can support its strategic focus on its core business and help scale renewables efficiently in the long-term.
Smart Meter
Serbia Smart Metering Project Supported
Phase one of Serbia’s smart metering implementation has been awarded €7.8 million ($8 million) from the EU through the Western Balkans Investment Framework. …
Offshore Wind Power
Siemens Gamesa Installs World’s First Offshore Wind Turbine With Recyclable Blades
German energy giant RWE started to test a wind turbine with fully recyclable blades at its offshore project Kaskasi. It is the first deployment of the technolog…
Wind Turbine
Wind Turbine Maker Vestas Q2 Hit by Higher Costs
Wind turbine maker Vestas on Wednesday reported a bigger-than-expected second-quarter operating loss hit by higher costs.
Smart Meter
CEDIS Extends AMI Project With 20,000 Smart Meter Replacements
Montenegrin Electric Distribution System (CEDIS) has started work on an extended phase three of the modernisation of their electricity consumption measurement (…
Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
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