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The Latest Breaking News on Energy

Newsom wants the feds to investigate California's high natural gas prices

Gov. Gavin Newsom on Monday jumped into the debate over the spike in natural gas prices affecting millions of California utility customers, calling on federal regulators to look at whether gouging or market manipulation is at work.

Tribune News Service

Coal royalties up by $2.0 billion in NSW half-yearly budget update

The big driver of government revenue is mostly from mines exporting through Newcastle.

Newcastle Herald

NSW mining royalties frozen while coal companies navigate price cap

Deputy Premier Paul Toole refuses to reveal how much revenue the state will lose from the mining royalty rate freeze, but says he's "confident" the announcement will not affect the budget.

ABC News

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Burning gas in oil fields a money pit

How poor methane rules are costing tribes and taxpayers

Salon

Scottish activist completes one week occupying Shell oil platform

A SCOTTISH environmental activist is set to complete one week occupying a Shell oil platform at sea tomorrow.

The National (Scotland)

Gas pipeline: A 'four-lane highway' through Hunter horse stud

Darryl and Stephanie King stand to lose more than half of their picturesque Arabian Hunter horse stud to the proposed Hunter Gas Pipeline.

Newcastle Herald

New Zealand PM Chris Hipkins to visit Australia

New Zealand Prime Minister Chris Hipkins will visit Australia in his first international trip as leader, to hold talks with Anthony Albanese in Canberra.

AAP

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In South Texas, opponents say planned natural gas export facility’s carbon capture promises are “greenwashing”

A company planning to build a massive liquefied natural gas export facility near Brownsville says carbon capture technology will reduce its pollution, but some locals say it’s a “Band-Aid on a bullet hole.”

The Texas Tribune

West's new oil sanctions aim to tighten screws on Russia

London (AFP) - The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war.

AFP

Greater Sunrise partners eye end to deadlock on new gas

Woodside Energy has committed to a new study on sending Greater Sunrise gas to Timor-Leste or Darwin for processing, in a move to end the deadlock.

AAP

Oil Holds Climbs From One-Month Low on Dual Supply Outages

Oil settled higher after slipping to the lowest intraday since early December with technical indicators signaling the commodity was oversold.

Bloomberg

European Union bans Russian diesel, oil products over Ukraine

Move comes after the bloc found new supplies of diesel from the US, Middle East and India to replace Russian energy.

Al Jazeera

British Gas is ready to bully beyond the grave

Brief letters: Death collection | State school success | Ballooning problem | Rose-tinted Brexit | Passport to the polls

The Guardian - UK

Oil Market Faces Production Issue in 2024, Goldman’s Currie Says

Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as spare production capacity runs out, according to Goldman Sachs Group Inc.

Bloomberg

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The Independent UK

Europe bans Russian diesel, other oil products over Ukraine

The European Union is launching its ban on imports of Russian diesel fuel

The Independent UK

Just Stop Oil protests cost the Metropolitan Police £7.5m

The force said the money ‘could have been better used’ tackling ‘priority crime’ in local communities.

The Independent UK

India's G-20 energy meet to balance renewables, fossil fuels

Over 500 energy industry heavyweights will descend on the southern Indian city of Bengaluru on Monday to discuss the future of renewables and fossil fuels at India Energy Week — the first big ticket event of the country’s presidency of the Group of 20 leading economies

Bloomberg

Oil’s New Map: How India Turns Russia Crude Into the West’s Fuel

India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.

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ABC News

System operator predicts Bluewaters, Australia's newest coal-fired power plant will close by 2029

WA's only privately owned coal-fired power station to close "before 2030" under plans that would bring the curtain down on the fuel's use in the state's economy.

Bloomberg

Saudi Arabia’s Oil Chief Says He’ll Stay Cautious on Output

Saudi Arabia’s energy minister reiterated that the kingdom will remain cautious about raising oil production, even as several prominent analysts say rising demand will soon cause prices to rise beyond $100 a barrel.

Al Jazeera

Iran and the West clash over IAEA report on Fordow nuclear plant

The latest row comes as the IAEA chief hopes for progress in a potential visit to Tehran in February.

Los Angeles Times

Editorial: Big Oil reaps record profits while the planet burns. California should curb its greed

Chevron, Shell, Exxon Mobil and other oil companies made more money than ever in 2022, showing just how massive a windfall they reaped as surging gas prices made it a struggle for drivers to afford filling up.

ABC News

Prime Minister Anthony Albanese won't be drawn on the future of NSW PEP-11 gas project

On the campaign trail ahead of the NSW election, Anthony Albanese refuses to be drawn on the future of a gas licence after a decision to cancel it by Scott Morrison triggered legal action.

The Independent UK

Europe reaches deal for price cap on Russian diesel

European Union governments have agreed to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel

Reuters

France approves study on extending nuclear reactors' life

France has approved looking into the possibility of extending the lifespan of nuclear reactors to 60 years and beyond if safety rules allow it, the French Presidency said.

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