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The Latest Breaking News on Energy

Middle East states in line for $1.3tn windfall from extra oil revenues

IMF says it expects region’s oil and gas exporters to benefit from high prices over next four years

The Guardian - UK · Aug 19, 2022

Former BP chief calls for UK energy price cap freeze ahead of ‘winter of discontent’

Nick Butler says firms who cannot offer lower prices should be renationalised

The Independent UK · Aug 19, 2022

Banks aims to bring new solar power and battery storage scheme to South Yorkshire

116-hectare site submitted to planners as it seeks fifth county operation to join wind projects

Birmingham Post · Aug 19, 2022

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Ukraine war: Explosions rock munitions store inside Russia as villages are evacuated

Explosions have rocked a munitions store in the Belgorod region of Russia with video appearing to show massive flames from the facility

Evening Standard · Aug 19, 2022

Big new incentives for clean energy aren't enough – the Inflation Reduction Act was just the first step, now the hard work begins

The new Inflation Reduction Act is stuffed with subsidies for everything from electric vehicles to heat pumps, and incentives for just about every form of clean energy. But pouring money into technology is just one step toward solving the climate change problem.

The Conversation · Aug 19, 2022

The perfect storm battering the UK economy

From inflation to the war in Ukraine the economy is facing major challenges

Birmingham Post · Aug 19, 2022

Labor prepares trigger if gas falls short

Resources Minister Madeleine King says regulations are now in place to enable her to use the gas trigger next year to deal with any shortfall in supply.

AAP · Aug 19, 2022

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NATO races to counter Russia’s threat in Europe’s weak spot

BUCHAREST: It didn’t take long after Russia attacked Ukraine for French Colonel Clement Torrent to get his orders: He had six months to build a base for 1,000 soldiers on NATO’s eastern frontier.

Bangkok Post · Aug 19, 2022

I worked for BP for 30 years – the energy sector has become incompetent and greedy

If these profiteering firms are failing to meet society’s needs, the government should take them back into public control, says Nick Butler, a former vice-president at BP

The Guardian - UK · Aug 19, 2022

Former BP chief urges freeze to UK energy price cap to help households

Ofgem should stop rises in cap, and energy firms unable to offer lower bills should be nationalised, says Nick Butler

The Guardian - UK · Aug 19, 2022

The people who won't be paying their energy bills when the price caps rises

'I do not know how we would be able to afford this latest increase'

Bristol Post · Aug 19, 2022

13 states lose access to spot power market over Rs 5,000 crore dues

NEW DELHI: National grid operator Posoco has blocked access of 27 power distribution companies (discoms) across 13 states to electricity exchanges for failure to clear a cumulative bill of Rs 5,085 crore dues of generation companies.

The Times of India · Aug 18, 2022

Morning mail: Timor-Leste plays China card, pensioners charged for antivirals, Bali bomber to go free

Friday: Timor-Leste president José Ramos-Horta may look to Beijing to secure a gas pipeline. Plus: where to holiday to escape a third La Niña

The Guardian - AU · Aug 18, 2022

Sky's the limit for emission reduction targets

Australia's largest greenhouse gas polluter, AGL, says it is keen to work with the federal government to reduce emissions.

Newcastle Herald · Aug 18, 2022

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The Hindu · Aug 18, 2022

Centre hikes windfall tax on diesel, ATF exports; cuts tax on domestic crude oil

These new windfall taxes will kick in from August 19, says the finance ministry

The Guardian - AU · Aug 18, 2022

Timor-Leste warns it will work with China if Australia insists on pumping Timor Sea gas to Darwin

Exclusive: President José Ramos-Horta says his country’s leadership ‘has to make decisions … if necessary a trip to China’

Daily Mirror · Aug 18, 2022

Liz Truss facing questions over closure of gas plant as energy storage 'decimated'

Labour has called on the Tory leadership favourite to explain whether she was involved in the decision to close the Rough natural gas storage facility in 2017

Chronicle Live · Aug 18, 2022

Government and energy companies blasted after warnings of potential blackouts

It comes after some of the world's biggest energy companies posted soaring profits in recent weeks

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The Independent UK · Aug 18, 2022

Climate bill's unlikely beneficiary: US oil and gas industry

Renewable energy incentives in the climate bill signed by President Joe Biden are expected to drastically reduce overall U.S. emissions

Reuters · Aug 18, 2022

Explainer-Could Germany keep its nuclear plants running?

German grid operators are close to releasing the results of power transmission system stress tests, factoring risks from an escalation in the Russian gas supply crisis, as the country considers longer lifespans for its nuclear reactors.

The Guardian - UK · Aug 18, 2022

‘We got too comfortable’: the race to build an LNG terminal in north Germany

Country is hoping a new North Sea terminal can supply 8% of its gas usage as war in Ukraine upends energy policy

Daily Mirror · Aug 18, 2022

Russia warns nuclear plant disaster will spill radiation over three European countries

A nuclear power plant in Ukraine could cause a disaster covering large parts of Europe, Russia has warned. Fighting and shelling has been seen around the plant in recent weeks with Ukraine and Russia blaming each other

The Hindu · Aug 18, 2022

Oil at six-month low | Petrol at breakeven, losses continue on diesel

Brent crude oil was trading at ₹94.91 per barrel on August 18

The Independent UK · Aug 18, 2022

Germany lowers natural gas tax to ease burden on consumers

German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on people struggling with soaring energy costs

Reuters · Aug 18, 2022

Explainer-What is at stake for investors in Angola's elections?

Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa's second-biggest oil producer since the country won independence from Portugal in 1975.

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