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The Latest Breaking News on Energy

G7 Finance Chiefs Agree on Russian Oil Price Cap but Level Not Yet Set

Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow's war in Ukraine while avoiding price spikes, but Russia said it would halt oil sales to countries imposing it. The ministers from the G7 wealthy democracies confirmed their…

Asharq Al-Awsat

Fighting goes on near Ukraine nuclear plant; IAEA on site

Heavy fighting and shelling is continuing near Europe’s largest nuclear power plant, in a Russian-controlled area of eastern Ukraine

The Independent UK

Jared Kushner claims Ukraine war would not have happened if Donald Trump was still president

Former president’s son-in-law also says Trump is ‘obviously thinking’ about running for president again

The Independent UK

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Texas’ oil and gas industry will produce “massive amount” of toxic wastewater with few reuse options, study finds

Oil and gas companies produce 3.8 billion barrels of wastewater per year in the arid Permian Basin. A state consortium is trying to figure out whether it can be reused.

The Texas Tribune

Commentary: A Ukrainian nuclear plant is under attack. We can’t risk another Chernobyl

The Zaporizhzhia nuclear power plant, Europe’s largest, lies along the Dnieper River in southeastern Ukraine. After Russian forces brutally invaded Ukraine six months ago, they gained control of the nuclear facility early in the fighting. They based soldiers and heavy equipment there and have been using the plant as a…

Chicago Tribune

British Gas shares easy phone trick which could save £60 on your energy bills

With the cost of living crisis hitting households hard, the energy company has suggested a simple way to save cash - and it involves your mobile phone

Chronicle Live

Russia says gas pipeline suspended indefinitely; G7 nations agree price cap for Russian oil – as it happened

State-owned Gazprom announces NordStream 1 pipeline to stay out of action citing turbine engine damage. This blog is now closed

The Guardian - AU

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NSW commits $45m to five hydro projects

The NSW government has invested $45 million in five new pumped hydro projects as part of its plan to replace the state's ageing coal-fired power stations.

AAP

Ukraine news - live: Russia ramps up energy war with gas pipeline shutdown

Extended closure threatens widespread blackouts across Europe

The Independent UK

China diplomacy key to green steel bonanza

Energy-hungry industries get little advantage from Australia being richly endowed with gas and coal, but mining and steelmaking could win in a net-zero economy.

AAP

Energy industry trade body ‘urges ministers to help firms pay bills’

Next prime minister urged to take action

Wales Online

Muswellbrook pumped hydro project gets $9.5m boost

AGL and Idemitsu Australia have received $9.45 million state government funding to progress work on a feasibility for study for the proposed Muswellbrook Pumped Hydro project at Bells Mountain.

Newcastle Herald

Venezuela government again accuses ex-oil czar of wrongdoing

The Venezuelan government is again accusing its former oil czar of wrongdoing while he oversaw the country’s most important industry

The Independent UK

Biden's effort to isolate Russia has a big problem: India

India is buying Russia's oil and joining military exercises.

Axios

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Reuters

Energy war as West caps Russian oil price, Moscow keeps gas pipe shut

Rich countries agreed on Friday to try to cap the global price of Russian oil, while Russia delayed the re-opening of its main gas pipeline to Germany, as both sides raised the stakes in an energy war between Moscow and the West over Ukraine.

WEKU

As inspectors leave Ukraine's nuclear plant, the mayor of a nearby town has high hopes

Enerhodar Mayor Dmytro Orlov speaks to NPR about the risks of attacks and nuclear disaster with Ukraine's Zaporizhzhia plant under Russian occupation.

The Conversation

Good news – there's a clean energy gold rush under way. We'll need it to tackle energy price turbulence and coal's exodus

This week, the Australian Energy Market Operator warned gaps in electricity supply are likely within three years.

Reason

California Legislators Vote To Keep Diablo Canyon Nuclear Plant Running

Wonderful news for California's economy and consumers!

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ABC News

Fighting at Ukraine nuclear plant brings chances of a meltdown to a 'coin toss', expert says

As calls continue for an end to military activity around Ukraine's Zaporizhzhia power plant, experts are warning there's significant risk of a nuclear accident.

Evening Standard

Oil leaks from carrier ship after it crashed into another near Gibraltar

Divers have sealed the source of the leak and oil is being collected by authorities

Tribune News Service

IAEA chief leaves Ukraine nuclear plant after brief visit

International Atomic Energy Agency Director General Rafael Mariano Grossi and some team members left a nuclear power plant occupied by Russian forces in Ukraine on Thursday after spending several hours there, amid reports of increased shelling in the area.

Daily Record

Paisley pubs say greedy energy firms will drink their profits dry as energy bills soar

One bar owner says: "We are going to be struggling big time. We have just had renewal quotes for our electricity and they are astronomical"

Evening Standard

UK ‘worst hit’ in Western Europe by energy crisis, says IMF

The UK also has the biggest projected gap between those most and least affected

The Independent UK

Johnson takes swipe at Truss over fracking as he confirms £700m backing for nuclear plant

Controversial technology ‘not a panacea’, PM warns his successor

Reuters

Stress test shows Germany should extend lifespan of 2 nuclear plants - paper

Preliminary results of a power grid stress test show Germany should extend the lifespan of two of its three remaining nuclear reactors beyond the end of the year, German newspaper Handelsblatt reported on Thursday, citing industry sources.

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