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The Latest Breaking News from Energy

German lawmakers back plan to expand renewable energy

German lawmakers on Thursday approved a major package of reforms aimed at boosting the production of renewable power, as Chancellor Olaf Scholz warned that the country has for too long relied on energy supplies from Russia

The Independent UK

Granholm, actor Robert Downey Jr. boost clean energy jobs

The Energy Department is teaming with actor Robert Downey Jr. to recruit up to 1,000 new workers focused on climate change and clean energy

The Independent UK

Australia's energy transformation is ramping up, but there are major challenges ahead

The Labor government has a plan to increase the share of renewable energy in the grid to 82 per cent by 2030, but many experts and investors say reaching that will not be possible without a major upgrade of the poles and wires that transport that power around the grid.

ABC News

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Supoj pick shows haste

Prime Minister Prayut Chan-o-cha raised many eyebrows when he appointed the secretary-general of the National Security Council, Supoj Malaniyom, to oversee the nation's energy and food security issues.

Bangkok Post

How can I get So Energy to sort out our £524 bill problem?

A reader writes that they made a formal complaint but the company has done nothing to resolve it

The Guardian - UK

Andhra Pradesh: BEE’s nod for conduct of Investment Grade Energy Audit in municipal corporations

VIJAYAWADA

The Hindu

Biden plan could allow new offshore drilling in Gulf of Mexico

His campaign promise to end fossil fuel development on public lands was thwarted by U.S. courts, high gas prices and Russia’s domination of Western European energy.

The Texas Tribune

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Avila Energy Corporation, previously known as Petro Viking Energy Inc., is pleased to provide a Corporate Update to the Acquisition and Name Change

Calgary, Alberta – TheNewswire - June 27, 2022 – Avila Energy Corporation ("Avila" or the "Company") upon receiving Shareholder Approval at the AGM October 15, 2021, the Company formally filed the change of its name to Avila Energy Corporation effective December 3, 2021.

Benzinga

Lebanon: US Ensures Egypt, Jordan are Exempted from Caesar Act on Gas Deal

The US Ambassador to Lebanon Dorothy Shea assured that progress has been made on the agreement to secure Egypt and Jordan from the Caesar Act in order to deliver natural gas to cash-strapped Lebanon. Shea made her assurance during a meeting with Lebanon’s caretaker Energy Minister Walid Fayyad on Friday.…

Asharq Al-Awsat

'We're going to need it': HumeLink project could be online earlier than expected

The Australian Energy Market Operator's roadmap for the national electricity market identified HumeLink as one five major transmission projects which should be progressed "as urgently as possible".

The Canberra Times

Vic $250 power bonus opens amid cost rises

Victoria's default energy offer will rise by about five per cent as a $250 power bonus becomes available for 2.5 million households across the state.

AAP

Pallone presses White House to reinstate crude oil export ban - Roll Call

House Energy and Commerce Chairman Frank Pallone Jr. called on President Joe Biden to limit oil exports in response to high gasoline prices.

Roll Call

Victoria fridge discount program suspended

The Victorian government has removed incentives for energy-efficient fridges from an upgrade program as an investigation into alleged rorting continues.

AAP

3 Stocks With More Than 35% Short Interest

The stock market has witnessed a sharp decline since the beginning of the year due to geopolitical uncertainties and macroeconomic headwinds. Amid the concerns surrounding a potential recession, Arcimoto (FUV), Beyond Meat (BYND), and Nikola (NKLA) possess a significant short interest, implying bearish sentiment surrounding them. Moreover, these stocks are…

StockNews.com

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Benzinga

RBC Capital Cuts Verisk Analytics Price Target By ~8%

RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ:VRSK) to $210 from $227 while maintaining the Outperform rating on the shares. The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset…

The Hindu

Must aim at 175 seats in 2024 polls: Peddireddy

Unlike TDP, implementing manifesto is our strength, he says

Asharq Al-Awsat

UAE’s Production Near Maximum Capacity Based on OPEC+ Baseline

The United Arab Emirates' oil production is near to maximum capacity based on its current OPEC+ production baseline, which is 3.168 million barrels per day, Energy Minister Suhail al-Mazrouei told state news agency WAM on Monday. “In light of recent media reports, I would like to clarify that the UAE…

The Hindu

Maharashtra signs deal with Adani Energy for 11000 MW green power generation

The MoU between Maharashtra government and Adani Energy would entail an investment of ₹60,000 crore and provide employment to 30,000 persons

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Roll Call

House spending bills spread around $8 billion worth of earmarks - Roll Call

The House fiscal 2023 spending bills have 4,386 earmarks, for a total of $8.2 billion, a CQ Roll Call analysis found.

Benzinga

GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co (NYSE:GE) has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately. GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business. GE named Russell…

Bangkok Post

PM kicks for touch on fuel, food prices

Wise men say putting the right man in the right job will get it done and done well. So when Prime Minister Prayut Chan-o-cha last week assigned the National Security Council (NSC) to take the lead in tackling energy and food problems, many eyebrows were raised, questioning the rationale of…

Asharq Al-Awsat

Sri Lanka Hikes Fuel Prices as US Delegation Arrives

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis. Ceylon Petroleum Corporation (CPC) said it raised the price of diesel, used widely in public transport, by 15 percent to…

Reuters

Honduras enacts month-long gasoline price freeze in inflation fight

The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country's energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide.

AAP

Qld expands grid storage with big battery

A new 400MWh battery in southeast Queensland is the latest in a series of announcements as the state government investigates more energy storage options.

Tribune News Service

‘Constructive’ talk but no deal as Granholm meets oil execs

A meeting on Thursday of oil company executives and Energy Secretary Jennifer M. Granholm concerning high consumer gas prices and refining capacity was “constructive,” even as it failed to produce a policy to address prices at the pump, industry leaders said.

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