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The Latest Breaking News on Energy

Government to cap wholesale gas prices as part of market intervention to lower power prices

Anthony Albanese and his cabinet are set to endorse a multi-pronged strategy to curb sky-high power prices, as pressure mounts on the government to urgently intervene in the market.

ABC News

Just Stop Oil protesters strike again despite tough talk from police

The group disrupted traffic in London on Monday morning.

The Independent UK

Just Stop Oil block roads in London as protests resume

Just Stop Oil supporters stopped traffic on two key routes in London on Monday - marking a resumption of protests after 18 days.

Evening Standard

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COP27 climate summit missed chance for ambition on fossil fuels, critics say

Fossil fuel producers benefited from sympathetic treatment in Egypt at the COP27 climate talks, government officials said, bringing their influence to bear in rushed final negotiations and frustrating those who hoped for a more ambitious outcome.

Reuters

The week that could unravel the global oil market

As western countries prepare to impose a price cap on Russian crude, many of the industry’s norms are being undermined

Financial Times

Just Stop Oil expected to begin two weeks of action in London from Monday

Scotland Yard believes environmental activist group will launch two weeks of ‘disruption’ in the capital before Christmas

The Guardian - UK

Police ‘fully prepared’ to counter further Just Stop Oil protests

The group has been using civil resistance and direct action as part of its campaign to stop future gas and oil projects.

The Independent UK

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Irish motorists warned petrol and diesel price hike could be just around the corner

The average price of petrol now sits at €1.77 while diesel is €1.96 but filling up your tank might cost a lot more in a few weeks

Irish Mirror

Increase in fuel prices could be around the corner says AA Ireland

Lower prices for fuel across the country could be short-lived

Dublin Live

£20 billion cost of closing North Sea oil and gas fields revealed

MORE than 2000 oil and gas wells are expected to be decommissioned in the North Sea over the next decade at a cost of about £20 billion,…

The National (Scotland)

US receives stinging criticism at Cop27 despite China’s growing emissions

The country is highlighting China’s status as top polluter after being called out for climate inaction

The Guardian - US

Fears over oil producers’ influence with UAE as next host of Cop climate talks

More than 630 fossil fuel lobbyists attended Cop27, and the Emirates, where Cop28 will be held, is a major oil and gas exporter

The Guardian - UK

Oil industry will spend £20bn on decommissioning over next decade, say chiefs

The cost has increased from last year due to a number of projects being brought forward.

The Independent UK

Oil industry 'will spend £20 billion' on decommissioning over next decade

Offshore Energies UK's latest report suggests more than 2,000 oil and gas wells will be taken out of service

Insider UK

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Evening Standard

COP27: Landmark ‘loss and damage’ fund for at risk states agreed

‘In the end we delivered. We listened to the calls of anguish and despair,’ Sameh Shoukry the Egyptian foreign minister and president of the summit said

The National (Scotland)

Campaigners call for end to fossil fuel subsidy as windfall tax increases

THE UK Government’s move to increase the windfall tax on oil and gas companies "makes little difference" when it comes to…

Bangkok Post

Prototype explores hydrogen on tap

Bangkok Industrial Gas Co (BIG), Thailand's largest industrial gas producer, has co-launched a prototype of what would be the country's first hydrogen filling station in a move to promote hydrogen as a fuel for eco-friendly cars.

Insider UK

Scottish hydrogen firm seals German infrastructure deal

The Edinburgh-based business will provide refuelling technology across Bavaria

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The Independent UK

Nigerian firm says it can't ship natural gas after flooding

A major Nigerian energy company says it can't deliver natural gas as promised in its contracts after deadly flooding hindered its operations

Tribune News Service

Biden open to new oil reserve sales as last tranche released

The Biden administration plans to release 15 million barrels from US emergency reserves and may consider freeing up significantly larger additional supplies this winter as it tries to ease high gasoline prices that have become a liability for Democrats in next month’s midterm elections.

AAP

Gas windfall 'war profits' surge to $40b

Gas producers face pressure to share their profits with taxpayers to help households and businesses pay bills, but it's been ruled out for next week's budget.

ABC News

WA government accelerates green hydrogen plans near Geraldton as global players dig in

The West Australian government is fast tracking the development of a hydrogen hub at Oakajee, with BP among major companies with high hopes for the site.

The Guardian - UK

Oil addiction will keep the west in hock to dictators

Letters: David Woollcombe and Richard Baker on the urgent need to move towards renewable energy

Bangkok Post

Russian shelling cuts external power to Ukraine nuclear plant: Kyiv

KYIV: The Russian-occupied Zaporizhzhia nuclear energy plant in southern Ukraine was operating on emergency diesel generators on Monday after Russian shelling cut off its external power supply, Ukraine's state nuclear energy company said.

The Guardian - UK

Billionaire Mo Ibrahim attacks ‘hypocrisy’ over Africa’s gas

Telecoms entrepreneur says continent’s people should be allowed to use their vast reserves

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