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The Latest Breaking News on Energy

Rishi Sunak understands public anger over ‘extraordinary’ Shell profits, No 10 says

Shell should invest more of the money in the UK, Downing Street suggest

The Independent UK

U.S. Permian Basin oil production — and profits — have surged

President Biden has been asking for more oil. Producers now think prices will be high enough for the next several years to justify it.

Axios

Shell under the spotlight in the City after record-breaking profit

Questions on future strategy follow huge capital return plan powered by high gas prices amid calls for windfall tax hikes

Evening Standard

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NSW Labor matches Coalition, saying 'no plan' to raise coal royalty rates

Labor says no coal royalty rise as Japanese customers speak out

Newcastle Herald

First Thing: World’s biggest fossil fuel firms ‘profited in Myanmar after coup’

Leaked tax records suggest subsidiaries of international gas field contractors continued to make millions after the coup. Plus, the secret life of André Leon Talley

The Guardian - UK

Revealed: how world’s biggest fossil fuel firms ‘profited in Myanmar after coup’

Leaked tax records suggest subsidiaries of international gas field contractors continued to make millions after the coup

The Guardian - US

Targeting coal a simplistic response to the complicated issue that is the rising cost of energy

Coal an easy target in power price rise

Newcastle Herald

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Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

The Independent UK

"War profiteering" Chevron's record gain

"It has price-gouged consumers in plain sight and it's going to get away with it," consumer advocate says

Salon

Treasurer Matt Kean rules out coal rate royalty rise as industry lobbies government for change

Treasurer Matt Kean rules out coal royalty rate rise

Newcastle Herald

'Dirty big holes' in valley of king coal

'There's no way this permanent industrial wasteland would be OK anywhere around Sydney.'

Newcastle Herald

Replacing US coal plants with solar and wind is cheaper than running them

Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

Tribune News Service

US renewable energy farms outstrip 99% of coal plants economically – study

It is cheaper to build solar panels or cluster of wind turbines and connect them to the grid than to keep operating coal plants

The Guardian - US

Cracking under pressure: Inside the race to fix France’s nuclear plants

PARIS — Behind layers of security and a thick concrete wall, a team of welders work in shifts to fix the crippled Penly nuclear plant in northern France. Sweating under protective gear, they’re replacing cracked pipes in the emergency cooling system which protects against a reactor meltdown.

Tribune News Service

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Al Jazeera

Amid economic turmoil, Pakistan hikes up fuel prices

Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.

Daily Mirror

'Pensioner who died in freezing home should shame oil giants raking in £160bn profits'

As an 87-year-old lady died freezing and afraid to turn on the heating in her terraced home, energy fat cats should hang their heads in shame as they exploit the misery of millions

The Independent UK

Norway's last Arctic miners struggle with coal mine's end

For more than 100 years, people came to the remote Arctic archipelago of Svalbard to work in coal mines

Reuters

Hungary will veto EU sanctions on Russian on nuclear energy - PM Orban

Hungary will veto any European Union sanctions against Russia affecting nuclear energy, Prime Minister Viktor Orban told state radio on Friday.

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The Independent UK

House GOP seeks new restrictions on use of US oil stockpile

For the second time this month, House Republicans are seeking to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat

Tribune News Service

House GOP aims to tie oil reserve sales to public land drilling

WASHINGTON — The House on Wednesday may begin consideration of a bill that would alter the president’s authority to tap the Strategic Petroleum Reserve. President Joe Biden has said he would veto it.

Los Angeles Times

Editorial: Soaring utility bill? Blame the instability of fossil fuels

Californians are being hit with big increases in their utility bills this winter as natural gas prices spike dramatically, and it’s exceptionally bad timing.

Wales Online

Asda and Morrisons leading supermarket petrol price war that is seeing fuel prices plummeting

It now costs around £23 less to fill an average-sized car than it did in July

France 24

Can US shale gas save Europe from its energy crisis?

On the surface, booming US shale gas production looks like the perfect solution for Europe as it reels from the energy crisis created by tearing itself away from Russian gas. But analysts say it is no panacea.

Tribune News Service

North Dakota oil production rough patch continues

North Dakota's oil industry posted another tepid month in November with production falling 2.1 %.

Bangkok Post

Erawan output set to normalise next year

PTT Exploration and Production Plc (PTTEP) expects gas production at the Erawan gas field in the Gulf of Thailand to increase to the normal level of 800 million metric standard cubic feet per day (MMSCFD) by April next year, part of efforts to increase domestic gas supply and reduce electricity…

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