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The Latest Breaking News on Energy

Oil prices set to stay high despite global outlook

Rising diesel consumption in Europe during the winter is expected to drive up global oil prices, despite the prospect of a worldwide economic slowdown, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Clean energy plan brings some certainty to Queensland's coal country, but more detail needed

Gladstone retiree Roy Jones says the move to transition Queensland's coal-fired power stations into "clean energy hubs" as part of the state government's $62 billion energy plan provides certainty for regional workers.

ABC News

AGL announces it will close Loy Yang A power station in Victoria's Latrobe Valley up to 10 years sooner than planned

Energy giant AGL says the Loy Yang A power station in Victoria's Latrobe Valley will now close as early as 2035 after it was initially slated to close a decade later. Experts say shareholders are driving the company towards renewable energy.

ABC News

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AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

The Guardian - AU

Energy transition will lead to lower power prices but getting there could be costly, reports warn

After a turbulent year in the energy sector, two major reports highlight energy affordability as a significant challenge in Australia's transition away from fossil fuels to renewable power.

ABC News

Scepticism over Queensland businessman's 'clean' coal-to-hydrogen project in Tasmania's Fingal Valley

A Queensland businessman and "ex-Rhodesian special forces soldier" who says his success is a result of "doing God's will, God's way" plans to re-open a coal mine to fuel a hydrogen plant, and claims it will be the world's first clean coal-to-hydrogen project.

ABC News

The fuel excise cut has ended. Here is what it means for fuel prices and whether you should fill up with petrol or diesel now

Motorists are being told to prepare for rising fuel prices as the tax cut made six months ago comes to an end. Here's what you need to know.

ABC News

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Cop27: Egyptian hosts urge leaders to set aside tensions over Ukraine

Organisers call on nations to carry on crucial climate negotiations despite differences on geopolitical issues

The Guardian - UK

EDF considers extending life of two UK nuclear plants due to energy crisis

Hartlepool and Heysham 1, operational for four decades, are due to close in 2024 but EDF says that is under review

The Guardian - UK

Motorists brace for fuel price hike

Petrol prices are expected to shoot up by more than 20 cents a litre now that the fuel excise has been reinstated in full.

AAP

Massive investment needed in energy sector

The Energy Security Board says large-scale investment in new transmission infrastructure, generation and capacity is needed to keep power prices down.

AAP

Official: Gas leaks around 1/3 of Denmark's CO2 emissions

A Danish official says the Nord Stream gas leaks in the Baltic Sea could emit the equivalent of one third of Denmark’s total annual greenhouse gas emissions

The Independent UK

Nord Stream gas leaks may be biggest ever, with warning of ‘large climate risk’

‘Colossal amount’ of leaked methane, twice initial estimates, is equivalent to third of Denmark’s annual CO2 emissions or 1.3m cars

The Guardian - UK

UN Security Council to Meet Friday on Damage to Nord Stream Gas Pipelines

The United Nations Security Council will convene on Friday at the request of Russia to discuss damage to two Russian gas pipelines to Europe that has caused gas to spew into the Baltic Sea. The French UN mission, which holds the presidency of the 15-member council for September, said the…

Asharq Al-Awsat

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Reuters

Swedish coastguard says Nord Stream 1 gas leak could slow by Sunday

Gas continues to leak from Nord Stream pipelines in the Baltic at the same rate as when the damage was discovered, but the leakages could start to slow at the weekend, Sweden's coastguard said on Wednesday.

The Guardian - UK

Brussels promises to cap price of Russian oil after Putin escalation

European Commission also proposes extra curbs on hi-tech trade as part of sanctions to ‘make Kremlin pay’ over Ukraine war

The Guardian - UK

Hydrogen has a vital role in low-carbon heating

Letter: It will be quick to repurpose the gas grid and decarbonise millions of properties, says Prof Gordon E Andrews

Irish Mirror

Government 'seriously concerned' Russia will attack underwater internet cables off Irish coast

'Putin is capable of anything at the moment'

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Reuters

UN Security Council to meet Friday on damage to Nord Stream gas pipelines

The United Nations Security Council will convene on Friday at the request of Russia to discuss damage to two Russian gas pipelines to Europe that has caused gas to spew into the Baltic Sea.

Salon

Joe Manchin's power play backfires

After Manchin urged bipartisanship, lawmakers on the right and left united against his bill

The Independent UK

Biden to oil industry: Don't raise prices as hurricane nears

President Joe Biden is warning the oil and gas companies against increasing prices for consumers as Hurricane Ian nears landfall along Florida’s southwest coast

The Guardian - UK

Nord Stream blasts could herald new phase of hybrid war, say EU politicians

Norway to make military visible at oil and gas installations as bloc rounds on Russia for suspected act of sabotage

The Conversation

'Decarbonisation is too expensive' – how to sell climate change action to bean counters

The three most prevalent myths about tackling climate change allege that transitioning to renewable energy jacks up household bills, requires massive amounts of government subsidy and creates mass unemployment. These concerns are all (thankfully) false.

The Independent UK

New report: Oil spills from offshore transportation way down

A new government report says oil spills from tankers and pipelines in U.S. dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019

The Independent UK

Biden warns oil and gas industry against using Hurricane Ian to raise prices: ‘There is no excuse’

Mr Biden says he will order officials to investigate any instances of price gauging as a result of the hurricane

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