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The Latest Breaking News on Energy

Oil money is flooding into Guyana. Who will benefit?

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.

Reuters

Why are energy bills increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

The crises of the past two years have killed the idea that markets will fix everything

Government intervention, crucial during Covid, is just as vital now, as energy prices soar and living standards plummet, says Guardian economics editor Larry Elliott

The Guardian - UK

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Explainer-The vast nuclear plant in the eye of the war in Ukraine

The Zaporizhzhia nuclear power plant in southern Ukraine has been shelled in recent days, raising the possibility of a grave accident just 500 km (around 300 miles) from the site of the world's worst nuclear accident, the 1986 Chornobyl disaster.

Reuters

Russian trucks pictured close to Europe’s largest nuclear plant in MoD satellite images

The UN called for an agreement to classify the nuclear plant as civilian infrastructure in order to prevent a catastrophic disaster

Evening Standard

British Gas customers can get up to £750 free to help pay energy bills - how to apply

Energy firm British Gas is putting millions of pounds into a scheme to help its customers struggling with gas and electricity bills, but it also runs a separate scheme open to all

Daily Mirror

S.Korea signs $2.25 billion deal with Russia nuclear company

South Korea has signed a $2.25 billion deal with a Russian state-run nuclear energy company to provide components for Egypt’s first nuclear power plant

The Independent UK

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British Gas pledges to donate portion of profit amid expected price increases

British Gas earned £98 million in pre-tax profits for the first half of this year

Manchester Evening News

More than 60,000 sign petition demanding Tories halt approval of Jackdaw gas field

CLIMATE groups and activists have delivered a petition to No 10 calling on the UK Government to halt approval of Jackdaw – a new North Sea gas oil…

The National (Scotland)

Heat or eat? Europe faces energy poverty

BRUSSELS: Europe is facing a major social test ahead of winter, as it juggles rising discontent, fuelled by soaring energy prices, and pressure to meet climate goals as the Ukraine conflict drags on.

Bangkok Post

Harbour Energy defends extra investor payout after 12-fold rise in profits

North Sea’s biggest oil and gas producer enjoys jump in fossil fuel prices following invasion of Ukraine

The Guardian - UK

Saudi Arabia Records Surges in Non-Oil Exports

The value of non-oil exports (including re-exports) during June 2022 reached SR30 billion, compared to SR24 billion during June 2021, with an increase of SR6 billion or 26.8%, new data from the General Authority for Statistics (GASTAT) showed. Saudi Arabia’s non-oil exports surged by 31 % in the second quarter…

Asharq Al-Awsat

US envoy says Russian invasion speeds shift to clean energy

U.S. Deputy Special Envoy for Climate Rick Duke says Russia’s invasion of Ukraine will accelerate the world’s shift to renewable energy because of price shocks in oil and gas

The Independent UK

British Gas will donate 10% of profits to help cut energy bills as price cap set to rise

Thousands of households to receive average grant of £750, supplier says

The Independent UK

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Daily Record

Seven energy bill bombshell warnings about how rise will impact you today

Ofgem will enforce a new price cap from October 1, with gas and electric bills set to hit £3,500 annually.

Birmingham Post

Business group calls for greater Ofgem powers to support firms facing soaring energy bills

Unlike consumers, there is no cap in place for commercial energy bills

The National (Scotland)

British Gas imposes 'windfall tax on itself' amid Tory inaction, SNP MP says

BRITISH Gas has pledged to donate 10 of its profits during the energy crisis to help people struggling with rising bills.

Autosport

Toyota CEO hopeful hydrogen power could be the future for rallying

Toyota is hopeful hydrogen power will emerge as a future environmentally friendly propulsion method for rallying following the debut of its GR Yaris hydrogen prototype.

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Reuters

EU to urge big polluters to toughen climate pledges by COP27 summit - draft

The European Union will urge the world's biggest economies to improve their targets to fight climate change ahead of this year's U.N. climate summit and warn that states' current efforts fall short, according to a draft document seen by Reuters.

The Denver Post

Smog across Colorado's Front Range is going to make gas more expensive. But do the clean air benefits justify the cost to consumers?

As foul smog continues to hover along Colorado's Front Range horizon, millions of drivers in the state will pay more for a special formula of gasoline that is supposed to cause less pollution. But just how much that fuel improves the air and whether the expense is worth the financial…

The Guardian - UK

Is net zero really to blame for soaring energy bills in Great Britain?

Despite frequent claims in rightwing media, green levies make up fraction of bills and renewables are reducing costs

Los Angeles Times

Editorial: California can’t count on Diablo Canyon’s nuclear power, so it should spend now on renewables

Gov. Gavin Newsom’s proposal to extend the life of California’s last remaining nuclear plant has become a major point of contention in negotiations with state lawmakers as the legislative session enters its final days.

The Conversation

Opening 10 new oil and gas sites is a win for fossil fuel companies – but a staggering loss for the rest of Australia

Federal Resources Minister Madeleine King yesterday handed Australia’s fossil fuel industry two significant wins.

The Independent UK

Ukrainian fears run high over fighting near nuclear plant

Ukrainians are once again anxious and alarmed about the fate of a nuclear power plant in a land that was home to the world’s worst atomic accident in 1986 at Chernobyl

AAP

Energy crisis drives push to renewables

Price spikes and concerns about energy security stemming from Russia's invasion of Ukraine are accelerating the transition to renewables, a forum has heard.

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